Question : Consumption at zero level of income is called ____________________.
Option 1: Autonomous consumption
Option 2: Consumption
Option 3: Average consumption
Option 4: Marginal consumption
Answer (1)
14th Jan, 2024
Correct Answer: Autonomous consumption
Solution :
Consumption at zero level of income is called autonomous consumption. As income increase, consumption also increase.
Hence, Option A is correct.
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