Asked by
mariam bouorm
on Dec 16, 2024Verified
Which of the following will shift the consumption function upward?
A) A decrease in stock prices
B) An increase in stock prices
C) A higher price level
D) A lower disposable income
E) A higher disposable income
Consumption Function
An economic concept that describes the relationship between total consumption and gross national income.
Stock Prices
The cost at which a share of a company is bought or sold in the stock market, reflecting the market's view of its potential for profitability.
- Investigate the elements that lead to changes in consumption patterns.
Verified Answer
AE
Learning Objectives
- Investigate the elements that lead to changes in consumption patterns.