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wrote...
Posts: 67
5 days ago

As a consumer's income rises, the proportion of income spent on food falls. This assertion is known as



• Law of Demand.

• Engel's Law.

• Law of Diminishing Marginal Utility.

• None of these
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Introduction to Agricultural Economics
Edition: 7th
Authors:
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wrote...
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5 days ago
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Engel's Law.
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wrote...
5 days ago
Smart ... Thanks!
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