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Economics graph showing supply and demand curves. An increase in demand shifts the curve right, leading to a higher equilibrium price and quantity.

Economics graph showing supply and demand curves. An increase in demand shifts the curve right, leading to a higher equilibrium price and quantity.

Graph 3 – Income (Normal good, Demand increases, Frame 4) Same base graph: D, S, E. New curve: D1 shifted right of D. New equilibrium E1 where D1 intersects S. Label: P 1 P 1 higher than P P. Q 1 Q 1 higher than Q Q. Arrow from D to D1: “Demand increases (higher income).” Mehr sehen

#economics #graphs #education

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