Economics · Consumer Behaviour
The German statistician Ernst Engel formulated his law based on the relationship between which of the following variables?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total imports and total exports
- 2National income and total investment
- 3Government revenue and public expenditure
- 4Family income and expenditure on consumption✓
Correct answer
Family income and expenditure on consumption
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