Suppose the federal minimum wage decreases in the United States. Which of the following graphs shows the correct effect on the consumption function?

A)Figure A
B)Figure B
C)Figure C
D)Figure D

Question

Suppose the federal minimum wage decreases in the United States. Which of the following graphs shows the correct effect on the consumption function?

A)Figure A 
B)Figure B 
C)Figure C 
D)Figure D

Quizplus · Accepted Answer

The Answer of Suppose the federal minimum wage decreases in the United States. Which of the following graphs shows the correct effect on the consumption function?

A)Figure A 
B)Figure B 
C)Figure C 
D)Figure D

Suppose the Federal Minimum Wage Decreases in the United States