question archive If the proportion of the total disposable income spent on consumer goods and services is 95 percent and if consumers spend 88 percent of each additional dollar, what is the average propensity to save? Round your response to 2 decimal places
Subject:EconomicsPrice: Bought3
If the proportion of the total disposable income spent on consumer goods and services is 95 percent and if consumers spend 88 percent of each additional dollar, what is the average propensity to save? Round your response to 2 decimal places. Answered 0.42