1.

The psychological law of consumption states That?                                                [SSCLDC2014]

A. Proportionate increase in consumption is less than proportionate increase in income
B.                   Increase in income is equal to increase in consumption
C.                   Increase in consumption is greater than increase in income
D.                   Consumption does not change with a change in income
Answer» B.                   Increase in income is equal to increase in consumption


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