With a downsloping demand curve and an upsloping supply curve for a product, an increase in consumer income will

increase equilibrium price and quantity if the product is a normal good.

Explanation:

In the case of normal good there is a direct relationship between the income and the quantity demanded. That means if the income rises so the quantity demanded would also rised and if the income declines so the quantity demanded also fall

So as per the given situation if there is a rise in income so the equilibrium price and quantity would increased in the case when the product is a normal good

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