what is consumption function ?
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Answered by
37
Explanation:
Consumption function::::
♥ The relationship between consumption and the factors that effect consumption is called consumption function
♥ we assume that the consumption increases with the level of disposable income
C = a + bYd
♥ it can be explained through average prosperity to consume and marginal prosperity to consume
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Answered by
7
Answer:
consumption function is the functional relationship between consumption and income it is specified .
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