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When considering how a family's level of consumption changes in response to changes in its income,

joshtatum92

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When considering how a family's level of consumption changes in response to changes in its income,

When considering how a family's level of consumption changes in response to changes in its income,

▸ there is no relationship between the variables.

▸ both of the variables are independent.

▸ income is the dependent variable and family consumption is the independent variable.

▸ both of the variables are dependent.

▸ consumption is the dependent variable and income is the independent variable.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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elisebarnett

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More solutions for this book are available here

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joshtatum92 Author

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Correct

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