Question : It varies directly with the level of income. It has a positive slope.
Option 1: Consumption expenditure
Option 2: Investment expenditure
Option 3: Both A and B
Option 4: Neither A nor B
Answer (1)
23rd Jan, 2024
Correct Answer: Consumption expenditure
Solution :
Consumption expenditure varies directly with the level of income. It increases with the rise in income and falls with the fall in income. It also has a positive slope.
Hence, Option A is correct.
Comments (0)
Related Questions
Trending Articles/News
