Which of the following scenarios best illustrates the relationship between demand and supply curves in a market experiencing an increase in consumer income?

When consumer income increases, people generally have more money to spend, which can lead to a rise in demand for goods and services. This means that the demand curve shifts to the right because at every price level, consumers are willing to buy more. For example, if more people can afford to buy new cars, the demand for cars increases, shifting the demand curve rightward. On the other hand, the supply curve may not change immediately, but if producers see higher demand, they might increase production in response, which can eventually shift the supply curve to the right as well. Overall, the increase in consumer income leads to higher demand, which is reflected in the market through shifting curves.