When disposable income is zero, consumption expenditure is
A) also zero.
B) negative.
C) equal to induced consumption expenditure.
D) equal to autonomous consumption.
E) None of the above answers is correct.
D
Economics
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Negative externalities might be reduced by letting people "work it out themselves," which might also be described as ________
A) substantiation. B) negotiation C) remuneration D) adjudication E) appropriate taxation
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Refer to Figure 9.1. Suppose the market is currently in equilibrium. If the government establishes a price ceiling of $20, consumer surplus will
A) fall by $200. B) fall by $300. C) remain the same. D) rise by $200. E) rise by $300.
Economics