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Figure: Demand Shift Which of the Following Could Explain

Question 198

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Figure: Demand Shift Figure: Demand Shift   Which of the following could explain the figure? A)  Consumer income increases in the market for a normal good. B)  Consumer income falls in the market for a normal good. C)  Consumer income rises in the market for an inferior good. D)  Consumer income remains the same and the price of the good falls. Which of the following could explain the figure?


A) Consumer income increases in the market for a normal good.
B) Consumer income falls in the market for a normal good.
C) Consumer income rises in the market for an inferior good.
D) Consumer income remains the same and the price of the good falls.

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