Question

discuss in your own words, factors affecting changes in consumption function in the economy. ​

Answer 1

Answer:

The Rate of Interest:

In the long run, substantial changes in the market rate of interest may also influence consumption. ... Moreover, if the rate of interest rises, then the lending of the present saving (realised by consuming less) will enable one to obtain an even larger quantity of consumption goods in the future.

Explanation:

hope you understand

Answer 2

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