Which of the following events would produce an upward shift in the consumption function, other things being equal?
A)An increase in consumer wealth.
B)A decrease in consumer wealth.
C)A decrease in autonomous consumption.
D)None of these.

Question

Quizplus · Accepted Answer

An increase in consumer wealth would lead to an upward shift in the consumption function, as consumers would have more money to spend on goods and services.

Which of the Following Events Would Produce an Upward Shift