General Knowledge Quiz Game
Quiz #
72
[14-May-2010]
6682
Of the following statements, which one best describes the consumption function?
a.
The increase in consutnption is directly proportional to the increase in income
b.
Consumption increases as income does but not by as much, and the rate o increase in consumption gradually slows down with increasing income
c.
Consumptionat first, increases at a slow rate with, increase in, income, at the lower end of the scale, then it increases at a faster' rate as income increases at the higher of the scale
d.
Consumption is highest at the low income level and the upper income level, it is less in the middle
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