Assuming plasma TVs are a normal good,an increase in consumer incomes will lead to
A) a rightward shift of the demand curve for plasma TVs.
B) a movement upward along the demand curve for plasma TVs.
C) a rightward shift of the supply curve for plasma TVs.
D) no change of the demand curve for plasma TVs.

Question

Quizplus · Accepted Answer

An increase in consumer incomes will lead to a rightward shift of the demand curve for plasma TVs. This is because as consumer incomes increase, they will have more disposable income to spend on luxury goods like plasma TVs, leading to an increase in demand for them.

Assuming Plasma TVs Are a Normal Good,an Increase in Consumer