As disposable income increases, consumption:
A. and saving both increase.
B. and saving both decrease.
C. decreases and saving increases.
D. increases and saving decreases.
A. and saving both increase.
Economics
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An increase in the U.S. price level, other things constant, will _____
a. increase U.S. exports and decrease U.S. imports b. increase U.S. exports and leave U.S. imports unchanged c. decrease U.S. exports and increase U.S. imports d. decrease U.S. exports and leave U.S. imports unchanged e. leave both U.S. exports and U.S. imports unchanged
Economics
According to the graph shown, at a price of $5, there is a:
A. shortage of 10.
B. shortage of 20.
C. shortage of 30.
D. surplus of 20.
Economics