Refer to the information provided in Figure 23.2 below to answer the question(s) that follow. Figure 23.2
-Refer to Figure 23.2. An increase in Jerry's income is represented by
A) an upward shift in Jerry's consumption function.
B) an increase in the slope of Jerry's consumption function.
C) a movement from Point B to A.
D) none of the above.

Question

Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.  Figure 23.2
-Refer to Figure 23.2. An increase in Jerry's income is represented by
A) an upward shift in Jerry's consumption function. 
B) an increase in the slope of Jerry's consumption function. 
C) a movement from Point B to A. 
D) none of the above.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.  Figure 23.2
-Refer to Figure 23.2. An increase in Jerry's income is represented by
A) an upward shift in Jerry's consumption function. 
B) an increase in the slope of Jerry's consumption function. 
C) a movement from Point B to A. 
D) none of the above.

Refer to the Information Provided in Figure 23