Maharashtra State BoardHSC Arts 12th Board Exam
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Choose the Correct Answer : When Income Increases Consumption and Saving Will _________. - Economics

MCQ

Choose the correct answer :   

 When income increases consumption and saving will _________.

Options

  • (a) increase

  • (b) decrease

  • (c) be constant

  • (d) be equal

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Solution

When income increases consumption and saving will increase.
Explanation:
When the income of a household increases, there capacity to increase their consumption level and the saving level also increases as they now have more money to spend or save.

  Is there an error in this question or solution?
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