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Economics · Oct / Nov 2016 · Paper 13 · Question 11

2281Households

The table shows how household spending changes with income. | income ($ per month) | spending ($ per month) | | 2600 | 2625 | | 2900 | 2925 | | 3200 | 3190 | | 3500 | 3275 | | 3800 | 3500 | | 4100 | 3725 | What is the first level of income shown at which savings are positive?

  1. A$2600
  2. B$2900
  3. C$3200
  4. D$3500

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Correct answer: C. $3200

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