As disposable income goes up, the:
A. average propensity to consume falls.
B. average propensity to save falls.
C. volume of consumption declines absolutely.
D. volume of investment diminishes.
A. average propensity to consume falls.
Economics
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The additional benefit of increasing some activity by one-unit is called the
A) scarcity. B) total benefit. C) opportunity cost. D) marginal benefit. E) unit cost/benefit.
Economics
When demand changes and the demand curve shifts, equilibrium price and equilibrium quantity change in the same direction
Indicate whether the statement is true or false
Economics