Economy, asked by ishvaryasugan, 9 months ago

explain the duesenbury effect on consumption​

Answers

Answered by mikidevimikidevi9762
1

James dusenbury propose a consumption function which accounts for some adjustments for "habits" or "Standard of life" conventionally 'If Income falls then consumption Should fall proportionally with the marginal propensity to consume

Answered by Anonymous
3

FOLLOW THE ANSWER GIVEN BY MIKKI (^^)

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