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PLEASE ANSWER Question 2 (3 points) Which of the following is a statement that you DISAGREE with? Explain why. 1. If your disposable income increases

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PLEASE ANSWER

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Question 2 (3 points) Which of the following is a statement that you DISAGREE with? Explain why. 1. If your disposable income increases from $10,000 to $15,000 and at the same time your consumption expenditure increases from $4,000 to $7,000, then your marginal propensity to save is 0.4. 2. If your disposable income increases from $10,000 to $15,000 and at the same time your consumption expenditure increases from $4,000 to $7,000, then your marginal propensity to consume is 0.8. 3. If you are given information that consumption expenditure is $8,000 when disposable income is $10,000, then you do not have enough information to determine the marginal propensity to consume. DII + Paragraph BIUVA Ev . . . V

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