Suppose an economy's consumption schedule shifts from C₁to C₂as shown in the diagram below.We can say that its: A)MPC has increased but its APC at each income level is unchanged. B)APC at each income level is increased but its MPC is unchanged. C)MPC and APC at each income level have both increased. D)MPC and APC at each income level have both decreased.

Question

Quizplus · Accepted Answer

The Answer of Suppose an economy's consumption schedule shifts from C₁to C₂as shown in the diagram below.We can say that its: A)MPC has increased but its APC at each income level is unchanged. B)APC at each income level is increased but its MPC is unchanged. C)MPC and APC at each income level have both increased. D)MPC and APC at each income level have both decreased.

Suppose an Economy's Consumption Schedule Shifts from C1to C2as Shown

Suppose an Economy's Consumption Schedule Shifts from C₁to C₂as Shown