Figure: Shifts in Demand and Supply III
(Figure: Shifts in Demand and Supply III) Look at the figure Shifts in Demand and Supply III.The figure shows how supply and demand might shift in response to specific events.Suppose consumer incomes increase.Which panel best describes how this will affect the market for designer boots, a normal good?
A.panel A
B.panel B
C.panel C
D.panel D

Question

Figure: Shifts in Demand and Supply III
   (Figure: Shifts in Demand and Supply III) Look at the figure Shifts in Demand and Supply III.The figure shows how supply and demand might shift in response to specific events.Suppose consumer incomes increase.Which panel best describes how this will affect the market for designer boots, a normal good? 
A.panel A
B.panel B
C.panel C
D.panel D

Quizplus · Accepted Answer

The Answer of Figure: Shifts in Demand and Supply III
   (Figure: Shifts in Demand and Supply III) Look at the figure Shifts in Demand and Supply III.The figure shows how supply and demand might shift in response to specific events.Suppose consumer incomes increase.Which panel best describes how this will affect the market for designer boots, a normal good? 
A.panel A
B.panel B
C.panel C
D.panel D