Marketing Question:
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According to Engels law, as income rises:
Answer:
* a) The percentage spent on food rises.
* b) The percentage spent on housing increases.
* c) The percentage spent on other categories increases.
* d) The percentage spent on savings remains constant.
Answer c
* b) The percentage spent on housing increases.
* c) The percentage spent on other categories increases.
* d) The percentage spent on savings remains constant.
Answer c
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