Business Studies, asked by naturepd2, 5 months ago

Explain the concept of consumption expenditure with the help of curve?

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Answered by kabyabhatt

Answer:

In the diagram, income is measured horizontally and consumption is measured vertically. ... “Thus the consumption function measures not only the amount spent on consumption but also the amount saved. This is because the propensity to save is merely the propensity not to consume.

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