Refer to the diagram. At disposable income level D, the average propensity to save is equal to:
A. CD/BD.
B. CD/0D.
C. 0D/CD.
D. 0A/0B.
B. CD/0D.
Economics
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The above figure shows the demand curve for movie rentals from Redbox. At which of the following prices is the demand unit elastic?
A) $5.00 B) $3.50 C) $2.50 D) $0.00
Economics
As Sam moves rightward along his indifference curve, his marginal rate of substitution
A) is diminishing. B) is increasing. C) remains constant. D) shows the change in his income.
Economics