Suppose that a rise in average income increases the demand for preventative dental visits.
a. The increase in income leads to an increase in (quantity supplied OR supply). This is because, as demand increases, (the supply curve shifts to the right to accommodate the increase in demand OR the equilibrium quantity moves up the supply curve to a higher price and more quantity supplied).
b. Shift the appropriate curve or curves below to show the effect of this change.
Homework Answers
Since here the demand increases for the preventive dental visit so there will be rightward shift in the demand curve and to meet this demand ,supply also increases which means there is a rightward shift in the supply as well
which is shown in the diagram below.
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Suppose that a rise in average income increases the demand for
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Could Someone take note for me from this paragraph with explantation . Thank you in advance...
Could Someone take note for me from this paragraph with
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Could Someone take note for me from this paragraph with
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