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Refer to the Above Diagram

Question 1

Multiple Choice

Refer to the above diagram.The average propensity to consume: A) is greater than 1 at all levels of disposable income above $100. B) is greater than 1 at all levels of disposable income below $100. C) is equal to the average propensity to save. D) cannot be determined from the information given. Refer to the above diagram.The average propensity to consume:


A) is greater than 1 at all levels of disposable income above $100.
B) is greater than 1 at all levels of disposable income below $100.
C) is equal to the average propensity to save.
D) cannot be determined from the information given.

Correct Answer:

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