Question

When all other factors remain the same, the law of demand tells us that: An increase in your income causes you to buy more hamburgers An increase in the price of peanut butter causes the quantity demanded of jelly to fall. An increased quantity demanded of bread causes the price of bread to fall. A decrease in the price of gas causes the quantity of gas to increas

Answer 1

An increase in your income causes you to buy more hamburgers.

Step-by-step explanation:

An increase in your income causes you to buy more hamburgers.

Option "A" is correct because the increase in income exhibits an increase in purchasing power. Moreover, there is a positive relationship between the income the demand for normal goods which means if the income rises, then the demand rises. If the income falls, then demand for goods also falls. Therefore, option "a" is right.