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Make of list of things that determine or influences how much stuff that you want to buy/ or spend? If you made $1000 a month
Make of list of things that determine or influences how much stuff that you want to buy/ or spend?
If you made $1000 a month how much would you spend?What if you made $2000 a month, how much would you spend?
Put this on a graph with how much you consume on the vertical or Y-axis and your income on the horizontal or X-axis.What is the slope of that line
-Slope = the change in y/change in X
-or the change in your consumption (C)/the change in your income (Y-T)
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