The marginal propensity to consume describes ________
A) the tendency to consume fringe, or unusual items
B) the impact of a change in spending on income
C) the impact on consumption resulting from a change in income
D) lifetime consumption resources
C
Economics
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It is possible that a multi-product monopolist will reduce the quality of a product below what its users prefer in order to make more profit
Indicate whether the statement is true or false
Economics
Generally, as a movie theater adds more screens its average costs fall. The movie theater can be said to experience
a. declining profit b. higher prices c. diseconomies of scale d. economies of scale e. diminishing marginal returns
Economics