One of the economic laws says that as incomes increase, the proportion of starchy staples in the food basket declines relative to the share of more expensive sources of calories. What this hypothesis is known as ?

[A] Engel’s Law
[B] Bennet’s Law
[C] Campbell’s law
[D] Gresham’s law

Show Answer

This question is part of UPSC Prelims Practice and Mock Tests membership programme.

Advertisement