If a consumer's income increases:
A)There will be a change in demand.
B)There will be a movement along the demand curve.
C)There will be an increase in the quantity demanded, but the demand curve will not shift.
D)b and c
E)None of the above.

Question

Quizplus · Accepted Answer

An increase in a consumer's income typically leads to a change in demand because it affects the consumer's purchasing power, leading to a shift in the demand curve rather than a movement along the curve.

If a Consumer's Income Increases