Refer to the given graph. A movement from b to a along C1 might be caused by a(n)
A) recession.
B) wealth effect of an increase in stock market prices.
C) decrease in income tax rates.
D) increase in saving.

Question

Refer to the given graph. A movement from b to a along C1 might be caused by a(n)
A) recession. 
B) wealth effect of an increase in stock market prices. 
C) decrease in income tax rates. 
D) increase in saving.

Quizplus · Accepted Answer

The Answer of  Refer to the given graph. A movement from b to a along C1 might be caused by a(n)
A) recession. 
B) wealth effect of an increase in stock market prices. 
C) decrease in income tax rates. 
D) increase in saving.

Refer to the Given Graph