The Change in Consumption Expenditure Divided by the Change in Disposable

question 203

Multiple Choice

The change in consumption expenditure divided by the change in disposable income that caused the consumption change is called

• A) the marginal propensity to consume.
• B) autonomous consumption.
• C) the average propensity to consume.
• D) the consumption factor.

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Definitions:

Physical and Emotional Needs

Basic requirements that must be fulfilled to maintain physical health and emotional well-being, including food, shelter, love, and belonging.

Motivate Behavior

The process of influencing or encouraging individuals to act or behave in a certain way.

Morphogen

Substance that regulates development; secreted by one cell type and affects other cells in a concentration-dependent manner.

Concentration-dependent

A term used to describe processes or reactions that vary according to the concentration of a particular substance involved.