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achalmers achalmers
wrote...
Posts: 459
5 years 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
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
Read 69 times
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KaajalpKaajalp
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Posts: 367
5 years ago
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achalmers Author
wrote...
5 years ago
Smart ... Thanks!
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