Use the figure below to answer the following questions.
Figure 10.2.1
-Refer to Figure 10.2.1.Which graph illustrates the effect of an increase in expected future income?
A)a only
B)b only
C)c only
D)d only
E)Both a and c

Question

Use the figure below to answer the following questions.
  Figure 10.2.1
-Refer to Figure 10.2.1.Which graph illustrates the effect of an increase in expected future income?
A)a only 
B)b only 
C)c only 
D)d only 
E)Both a and c

Quizplus · Accepted Answer

An increase in expected future income typically shifts the demand curve for goods and services to the right, as consumers are likely to spend more in anticipation of higher future income.

Use the Figure Below to Answer the Following Questions