In the figure to the right, the current position of the demand curve for a good...

  

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In the figure to the right, the current position of the demand curve for a good is D₁, and the price of the good, which is a normal good, is $4. If there is an increase in consumer incomes, which way will the demand curve shift? Will the quantity demanded of the good increase or decrease? 1.) Using the line drawing tool, draw the new demand curve for a normal good after consumer incomes increase. Label this line 'D₂.' 2.) Using the point drawing tool, indicate the point on the new demand curve, D2, that corresponds to the quantity demanded when the price is $4 per good. Label this point 'A₂." Carefully follow the instructions above, and only draw the required objects. The increase in consumer incomes generates a $4 per unit, the quantity of the good demanded shift in the demand curve. At the price of 10 9- Price per Uhit of the Good ($) ल + 5 1- 1 A1 2 3 4 5 6 7 8 Quantity of the Good Demanded D₁ 9 10 2 In the figure to the right, the current position of the demand curve for a good is D₁, and the price of the good, which is a normal good, is $4. If there is an increase in consumer incomes, which way will the demand curve shift? Will the quantity demanded of the good increase or decrease? 1.) Using the line drawing tool, draw the new demand curve for a normal good after consumer incomes increase. Label this line 'D₂.' 2.) Using the point drawing tool, indicate the point on the new demand curve, D2, that corresponds to the quantity demanded when the price is $4 per good. Label this point 'A₂." Carefully follow the instructions above, and only draw the required objects. The increase in consumer incomes generates a $4 per unit, the quantity of the good demanded shift in the demand curve. At the price of 10 9- Price per Uhit of the Good ($) ल + 5 1- 1 A1 2 3 4 5 6 7 8 Quantity of the Good Demanded D₁ 9 10 2