In the above figure, when disposable income is greater than 600
A) saving is negative.
B) the MPC is greater than 1.
C) saving is positive.
D) the MPS is negative.
C
Economics
You might also like to view...
________ in economics is a measure of satisfaction or happiness that comes from consuming a good or service
A) Budget B) Utility C) Income effect D) Substitution effect
Economics
Which of the following goods is most likely to be associated with monopolistic competition?
a. Gasoline b. Milk c. Cookies d. Wheat
Economics