The consumption and saving schedules reveal that the:

A. MPC is greater than zero but less than one.
B. MPC and APC are equal at the point where the consumption schedule intersects the 45-
degree line.
C. APS is positive at all income levels.
D. MPC is equal to or greater than one at all income levels.


A. MPC is greater than zero but less than one.

Economics

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Suppose Congress passes a law that states the price of gasoline may not exceed $6 per gallon (but may be lower)

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The three fundamental questions that any economy must address are

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Economics