-Refer to Figure 5.5.Which diagram shows the income-consumption curve resulting from a decrease in income?
A) A
B) B
C) C
D) D

Name: -Refer to Figure 5.5.Which diagram shows the income-consumption curve resulting from a decrease in income? A) A B) B C) C D) D
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Question

-Refer to Figure 5.5.Which diagram shows the income-consumption curve resulting from a decrease in income?
A) A 
B) B 
C) C 
D) D

Quizplus · Accepted Answer

The income-consumption curve in diagram C shows a downward shift, which represents a decrease in income. This curve illustrates how the consumption of goods changes as income decreases, with the consumer buying less of both goods.