Declining marginal propensity to consume means
A)as income increases,spending increases proportionately.
B)as income increases,a smaller percentage is spent on consumer goods.
C)as income increases,a larger percentage is spent on consumer goods.
D)as income decreases,spending remains constant as a percentage of income.

Question

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The Answer of Declining marginal propensity to consume means
A)as income increases,spending increases proportionately.
B)as income increases,a smaller percentage is spent on consumer goods.
C)as income increases,a larger percentage is spent on consumer goods.
D)as income decreases,spending remains constant as a percentage of income.

Declining Marginal Propensity to Consume Means