Ernst Engel's laws generally have been supported by recent studies.He discovered that as family income rises,the percentage spent on ________ declines and the percentage spent on ________ remains about constant.
A)food;clothing
B)clothing;recreation / entertainment
C)savings;transportation
D)food;housing
E)recreation / entertainment;savings

Question

Quizplus · Accepted Answer

Ernst Engel's laws state that as family income rises, the percentage spent on food declines, and the percentage spent on housing remains about constant. Recent studies have generally supported this finding.

Ernst Engel's Laws Generally Have Been Supported by Recent Studies