Answered

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If consumer income increases and the entire demand curve for a good shifts to the right, we call this:

A. An increase in the quantity demanded
B. Progressive
C. Proof that many substitute goods existed
D. Indeterminate
E. An increase in demand

Sagot :

GinnyAnswer

Final answer:

When consumer income increases, causing the entire demand curve for a good to shift to the right, it is termed as an increase in demand.


Explanation:

An increase in demand is the correct term when consumer income increases, causing the entire demand curve for a good to shift to the right. This shift indicates that consumers are willing to buy more of the good at every price level due to their higher income.

For example, if consumer income rises and people now buy more smartphones than before at every price point, the demand for smartphones has increased. This is a result of higher purchasing power leading to an overall increase in demand.

Understanding these shifts in demand curves is crucial in analyzing how changes in various economic factors affect consumer behavior and market equilibrium.


Learn more about Shifts in demand curve here:

https://brainly.com/question/33441504


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