The above data indicates that:
A)consumers spend 80 percent of their after-tax incomes.
B)consumers spend 90 percent of their after-tax incomes.
C)a tax reduction will reduce consumption.
D)the relationship between consumption and after-tax income is random.

Question

The above data indicates that:
A)consumers spend 80 percent of their after-tax incomes. 
B)consumers spend 90 percent of their after-tax incomes. 
C)a tax reduction will reduce consumption. 
D)the relationship between consumption and after-tax income is random.

Quizplus · Accepted Answer

The data indicates that consumers spend 90 percent of their after-tax incomes.

The Above Data Indicates That