Induced consumption is: (a) the part of consumption which is independent of the level of income. (b) the minimum level of consumption that is financed from sources other than income. (c) The maximum level of consumption that is financed from sources other than income. (d) shown by the slope of the consumption function

Induced consumption is: (a) the part of consumption which is independent of the level of income. (b) the minimum level of consumption that is financed from sources other than income. (c) The maximum level of consumption that is financed from sources other than income. (d) shown by the slope of the consumption function

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.4P

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