English, asked by bangash8788, 2 months ago

explain consumption function along with schedule and graph​

Answers

Answered by AbhiThakur07
0

Explanation:

=>Consumption function refers to the standard equation of consumption which defines the relationship between consumption and income where consumption value can be derived at each level with the use of income value.

C= c+ bY where c=autonomous consumption, b= marginal propensity to consume, and Y= income.

Answered by sugandhabarnwal13
0

Answer:

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