When the Consumption Schedule Is Plotted on a Graph

question 31

Multiple Choice

When the consumption schedule is plotted on a graph,

• A) consumption is on the horizontal axis and saving is on the vertical axis.
• B) consumption is on the vertical axis and saving is on the horizontal axis.
• C) consumption is on the horizontal axis and disposable income is on the vertical axis.
• D) consumption is on the vertical axis and disposable income is on the horizontal axis.

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Definitions:

Atomic Sentences

The simplest type of statement in logic, containing no logical operators and expressing a simple fact.

Truth Table

A mathematical table used in logic to determine the truth values of logical expressions based on their inputs, often used for propositions and Boolean variables.

Atomic Sentences

The simplest type of sentences in logic, consisting of a single proposition without any logical connectives or additional propositions.

Atomic Sentences

Basic propositions that express a complete thought without the use of logical operators.