If the consumer’s income level increases leading to a decrease in the demand for bread, _____.

the demand curve for bread will shift to the right
the equilibrium quantity of bread will increase
the supply curve for bread will shift to the left
the equilibrium price of bread will decreaseCorrect

Explanation
If the consumer’s income level increases and the demand for bread decreases, then the demand curve shifts to the left. The equilibrium price and quantity decrease if the supply of bread is unchanged.