Refer to the information provided in Figure 8.2 below to answer the questions that follow. Figure 8.2
-Refer to Figure 8.2. 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 8.2 below to answer the questions that follow.  Figure 8.2
-Refer to Figure 8.2. 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 8.2 below to answer the questions that follow.  Figure 8.2
-Refer to Figure 8.2. 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 8