Which of the following correctly describes an income-consumption curve? 13. Question 13 Which of the following correctly describes an income-consumption curve? 1 point It identifies how a consumer’s consumption pattern changes as real income changes while prices are constant. It identifies the income effect of price changes. It identifies the rate at which a consumer is able to substitute one good for another as income changes. It identifies consumer responses to decreases in prices which increase his or her real income. Post Views: 102