Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: Shifts in Demand and Supply
-(Figure: Shifts in Demand and Supply) Look at the figure Shifts in Demand and Supply. The figure shows how supply and demand might shift in response to specific events. Suppose consumer incomes increase. Which panel BEST describes how this will affect the market for used furniture, an inferior good?

A) panel A
B) panel B
C) panel C
D) panel D