Which of the following would lead to an upward shift of the consumption-income line?
A) A decrease in income
B) A decrease in population
C) An increase in income
D) An increase in wealth
E) An increase in the interest rate

Question

Quizplus · Accepted Answer

An increase in wealth would lead to an upward shift of the consumption-income line, as people would have more resources to consume goods and services at any given level of income.

Which of the Following Would Lead to an Upward Shift