Question : Which of the following statement are true?
- At breakeven point, income and consumption are equal.
- Equality between AD and AS implies the equality between income and AD.
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Answer (1)
22nd Jan, 2024
Correct Answer:
Both are true.
Solution :
At breakeven point, income and consumption are equal.
Equality between AD and AS implies the equality between income and AD.
Hence, Option A is correct.
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