Question

The essence of Engel's law is that as family incomes rises

Q: Answer-The essence of Engel's law is that as family incomes rises

Engels law is an observation in economics stating that as income rises, the proportion of income spent on food falls , even if absolute expenditure on food rises.

A The savings rate increases

B The proportion of income spent on food declines

C Expenditure on food declines

D Proportion of income spent on luxuries declines

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The essence of Engel's law is that as family incomes rises

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