A) Demand curve
B) Engel curve
C) Great Gatsby curve
D) Cost curve
Correct Answer: B
Solution :
In microeconomics, an Engel curve describes how household expenditure on a particular good or service varies with household Income. The curve is named after the German statistician Ernst Engel (1821-1896), who was the first to investigate this relationship between goods expenditure and income systematically in 1857.You need to login to perform this action.
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