If consumer incomes go up and you are analyzing the market for Harley Davidson motorcycles, the effect on the demand for motorcycles, ceteris paribus, will be

Question

Quizplus · Accepted Answer

An increase in consumer income will lead to an increase in demand for normal goods, including Harley Davidson motorcycles. This will cause a rightward shift in the demand curve for motorcycles, indicating that at any given price, consumers are now willing and able to buy more motorcycles.

If Consumer Incomes Go Up and You Are Analyzing the Market