Solved

The Figure Given Below Shows the Consumption Function of a Household.?Figure

Question 107

Multiple Choice

The figure given below shows the consumption function of a household.?Figure 9.2
The figure given below shows the consumption function of a household.?Figure 9.2    -In Figure 9.2, an increase in autonomous consumption would be illustrated by: A)  a movement from point A to point D. B)  a movement from point A to point B. C)  an upward shift of the consumption function. D)  a downward shift of the consumption function. E)  a movement from point C to point B.
-In Figure 9.2, an increase in autonomous consumption would be illustrated by:


A) a movement from point A to point D.
B) a movement from point A to point B.
C) an upward shift of the consumption function.
D) a downward shift of the consumption function.
E) a movement from point C to point B.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions