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

Question

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

Quizplus · Accepted Answer

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

Refer to the Given Graph