-Of the collection of supply and demand diagrams in Figure 2.2, which one(s) could show the result of an increase in income?

Question

-Of the collection of supply and demand diagrams in Figure 2.2, which one(s)could show the result of an increase in income?

Quizplus · Accepted Answer

An increase in income generally leads to an increase in demand for normal goods, which would shift the demand curve to the right. Both Figures 1 and 2 could represent this scenario, as they show an outward shift in the demand curve, indicating an increase in demand which could be due to an increase in income.

-Of the Collection of Supply and Demand Diagrams in Figure