Economy, asked by Ot7bangtanarmy, 3 months ago

What is Income consumption level???












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Answers

Answered by Snehu01
4

Answer:

Good evening Army

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Income-consumption curve is a graph of combinations of two goods that maximize a consumer's satisfaction at different income levels. It is plotted by connecting the points at which budget line corresponding to each income level touches the relevant highest indifference curve.

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