Assume that the consumption function is of the form, C= 50+.8Y. If income is Rs 1000/- then consumption is,- (a) Rs 50/- 9b) Rs 1050/- © Rs 50/- (d) Rs 850/-

Assume that the consumption function is of the form, C= 50+.8Y. If income is Rs 1000/- then  consumption is,-
(a) Rs 50/-
9b) Rs 1050/-
© Rs 50/-
(d) Rs 850/-
by

1 Answer

Answer :

(d) Rs 850/-
by

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