Refer to the information provided in Figure 3.11 below to answer the questions that follow.
Figure 3.11
-Refer to Figure 3.11.Assume hamburgers are a normal good.An increase in income will cause a movement from

Question

Refer to the information provided in Figure 3.11 below to answer the questions that follow.
  Figure 3.11
-Refer to Figure 3.11.Assume hamburgers are a normal good.An increase in income will cause a movement from

Quizplus · Accepted Answer

An increase in income will shift the demand curve to the right, from DS1U1B11 to DS1U1B12, while the supply curve remains constant. The new equilibrium point is at S1U1B0.

Refer to the Information Provided in Figure 3