A rise in income will, ceteris paribus, bring about
...A rise in income will, ceteris paribus, bring about
A movement along the demand curve
A leftward shift of the demand curve
A rightward shift of the demand curve
No effect on the demand curve
Correct answer is C
All things being equal, a rise in income will lead to a rightward shift in demand. A rightward shift in the demand curve could also be as a result of higher price of a substitute good, lower price of a complement good, etc.
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