If real disposable income increases by $1500, consumption expenditures will
A. stay constant.
B. decrease by less than $1500.
C. increase by less than $1500.
D. increase by more than $1500.
Answer:C
If real disposable income increases by $1500, consumption expenditures will
A. stay constant. B. decrease by less than $1500. C. increase by less than $1500. D. increase by more than $1500.