Proportionate increase in consumption is less than that of Income. why?
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Answer:
When Income increases, consumption expenditure also increases but by a smaller amount. Thus, it increases less than proportionately.
Hope it helps you from my side
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0
Answer:
When Income increases, consumption expenditure also increases but by a smaller amount. Thus, it increases less than proportionately.
Hope it helps you from my side.
Explanation:
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