Refer to the information provided in Figure 23.4 below to answer the question(s) that follow. Figure 23.4Refer to Figure 23.4. If income is Y1, aggregate consumption is the greatest when the aggregate consumption function is

When disposable income increases, consumption expenditure

A) also increases, but by less. B) also increases, and by an equal amount. C) decreases by the same amount. D) does not change. E) also increases, and by more.

People must make choices because

A) most people enjoy shopping. B) of scarcity. C) there are many goods available. D) the question "What goods and services are produced?" is not adequately answered. E) making choices is in the social interest.