Which one of the following would shift your consumption function in an upward direction?
A) an increase in your wealth
B) a decrease in your wealth
C) an increase in your real disposable income
D) a decrease in your real disposable income

Question

Quizplus · Accepted Answer

An increase in wealth generally leads to an increase in consumption at all levels of income, shifting the consumption function upward.

Which One of the Following Would Shift Your Consumption Function