If an individual's income increases by $100, then their spending will increase by less than $100.

Name: If an individual's income increases by $100, then their spending will increase by less than $100.
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Quizplus · Accepted Answer

This is because some of the additional income is likely to be saved or invested, rather than spent immediately. The exact amount of spending increase will depend on the individual's personal financial habits and priorities.

If an Individual's Income Increases by $100, Then Their Spending