Economy, asked by shivangbagla2002, 1 month ago


21. The functional relationship between income and consumption is called
function.- (a) demand (b) supply (c) consumption (d) expenditure.​

Answers

Answered by todkarianushka012
1

Explanation:

The functional relationship between consumption and income is called consumption function (or propensity to consume). Consumption is related to income. Simply put, consumption function means proportion of income spent on consumption goods.

Answered by sumit474022
1

Answer : c) consumption is correct answer

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