Q. The consumption schedule is such that
A) the APC is constant and the MPC declines as income rises.
B) the MPC and the APC must be equal at all levels of income.
C) the MPC is constant and the APC declines as income rises.
D) both the APC and the MPC increase as income rises.
✔ Correct Answer: the MPC is constant and the APC declines as income rises.
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