Economics · Economics
When income increases, and the proportion of income spent decreases, it indicates:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1No change in spending.
- 2Spending increases in a lower proportion.✓
- 3Spending increases in an equal proportion.
- 4Spending increases in a higher proportion.
Correct answer
Spending increases in a lower proportion.
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