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Five Years Ago,Joshua Spent 28 Percent of His $45,000 Yearly

Question 137

Multiple Choice

Five years ago,Joshua spent 28 percent of his $45,000 yearly income on his bachelor apartment.Today,Joshua is earning $60,000 annually.According to Engel's laws,the percentage of income he will spend on his new apartment will be:


A) more than 70 percent.
B) the same as it was back then, about 28 percent.
C) about 50 percent.
D) less than 10 percent.

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