If a consumption schedule shifts upward, this necessarily means that the:
A)MPC has increased.
B)MPS has decreased.
C)APC is now higher at each level of disposable income.
D)APC is now lower at each level of disposable income.
Answer:C
If a consumption schedule shifts upward, this necessarily means that the:
A)MPC has increased. B)MPS has decreased. C)APC is now higher at each level of disposable income. D)APC is now lower at each level of disposable income.