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8. According to Engel’s laws, as income rises:
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.
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.
c
