-Refer to the above diagram.The MPC is constant as income rises for: A) none of the consumption schedules shown. B) C₃ only. C) C₁,C₂,and C₃ only. D) C₄ only.

Question

Quizplus · Accepted Answer

The MPC is constant as income rises for C₁,C₂,and C₃ only. This is because the slope of these consumption schedules is constant, which means that the change in consumption is the same for each unit increase in income.

-Refer to the Above Diagram