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    • Question : The slope of consumption curve is ____. Option 1: Downwards Option 2: Upwards Option 3: Parallel to X axis Option 4: Parallel ...
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    Question : The slope of consumption curve is ____.
     

    Option 1: Downwards
     

    Option 2: Upwards
     

    Option 3: Parallel to X axis
     

    Option 4: Parallel to Y axis.
     

    Team Careers360 9th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 23rd Jan, 2024

    Correct Answer: Upwards


    Solution : The slope of consumption curve is upward because consumption increases with the increase in income.
    Hence, Option B is correct.

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