Question

Saving increase with a rise in income. True or False.​

Answer 1

Answer:

As incomes rise, households tend to have a higher marginal propensity to save. This is because with higher incomes there is a diminishing marginal utility to consumption – households with extra income are more likely to save it.

Explanation:

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Answer 2

Answer:

True

Explanation:

THE STATEMENT IS TRUE

1] AS THE INCOME WILL RISE MORE MONEY WILL BE LEFT WITH US .

2] IF SUPPOSE INCOME WAS 50,000

SAVING WAR ₹5000

NOW INCOME IS 70,000

SAVING WILL INCREASE IS WE DO THE SAME EXPENDITURE