Practicing Success
When C function starts from Y-axis, what does it indicate?
|
1 and 2 2 and 3 3 and 4 All the statements are true |
3 and 4 |
Consumption function starting from Y-axis indicates that there is autonomous consumption. It is that consumption which is independent to income, which means it happens at 0 level of income. This consumption is done with the past savings of the individual. |