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(Graph: Consumption) Based on the Information Provided in the Graph

Question 248

Multiple Choice

(Graph: Consumption) Based on the information provided in the graph above, when income equals $1,000, the average propensity to save equals: (Graph: Consumption) Based on the information provided in the graph above, when income equals $1,000, the average propensity to save equals: A) 0.5 B) 0.6. C) 0.4. D) 0.2.


A) 0.5
B) 0.6.
C) 0.4.
D) 0.2.

Correct Answer:

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