how-might-a-change-in-consumer-income-affect-the-marginal-benefit-curve-for-a-lu

Question

How might a change in consumer income affect the marginal benefit curve for a luxury good?

Accepted Answer

It could shift the marginal benefit curve upwards if the consumer's income increases.

Answer

It could shift the marginal benefit curve downwards if the consumer's income increases.

Answer

It would only affect the marginal cost curve.

Answer

It would not affect the marginal benefit curve at all.