Q. Assume which disable income consumption also savings in some nation are $200$ billion $150 billion also $50 billion respectively. Next assume which disposable income increases by $20 billion consumption rises by $18 billion also savings goes up by $2 billion. Illustrate what is the economy's MPC? It's MPS? Illustrate what was the APC before the increase in disposable income? After the increase

Q. Generally speaking, the smaller the percent (%)age of one's total budget devoted to a particular product, the more price elastic will be the demand for which product