Question : When income level is zero, the consumption is ___________.
Option 1: Positive
Option 2: Negative
Option 3: Zero
Option 4: None of the above.
Answer (1)
19th Jan, 2024
Correct Answer:
Positive
Solution :
There is always some minimum level of consumption even when the income is zero. It happens because people need certain basic goods and services to sustain themselves.
Hence, Option A is correct.
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