Propensity to save is the
A. additional income that is not to be saved
B. ratio of saving to income
C. level of saving at which saving and consumption are equal
D. tendency of the consumer towards higher saving
Answer:B
Propensity to save is the
A. additional income that is not to be saved B. ratio of saving to income C. level of saving at which saving and consumption are equal D. tendency of the consumer towards higher saving