Assuming that wine is a normal good, an increase in consumer income, other things being equal, will:

Name: Assuming that wine is a normal good, an increase in consumer income, other things being equal, will:
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An increase in consumer income will shift the demand curve for wine to the right, indicating that at each price point, consumers will demand more wine than before. This is because as consumer income increases, they are likely to have more disposable income to spend on luxury goods like wine.

Assuming That Wine Is a Normal Good, an Increase in Consumer