When income increases,the demand for most products:
A) Increases and the demand curve shifts to the left.
B) Increases and the demand curve shifts to the right.
C) Decreases and the demand curve shifts to the left.
D) Decreases and the demand curve shifts to the right.

Question

Quizplus · Accepted Answer

When income increases, people have more purchasing power and are able to buy more products, leading to an increase in demand. This leads to a shift in the demand curve to the right, indicating that more of the product is demanded at each price level.

When Income Increases,the Demand for Most Products