The following chart shows two separate consumption functions. Which of the following statements is true if the consumption function shifts from Cl to C27C2C1YdThe marginal propensity to oonsume decreased and autonomous consumption incressedThe marginal propensity to consume increased and autonomeous consumption increasedThe marginal propensity to conaume increased and autonomous consumption decreasedThe marginal propensity to coasume decreased and autonomous conumption decreased

The consumption function reflects the total consumption spending by the household of an economy…

The marginal propensity to consume decreased and autonomous consumption incressed The marginal propenaity to coesume increased and autonomous consumption increased The marginal propensity to consume increased and autonomous consumption decreased The marginal propensity to coasume decreased and autonomous conumption decreased

The marginal propensity to consume decreased and autonomous consumption incressed The marginal propenaity to coesume increased and autonomous consumption increased The marginal propensity to consume increased and autonomous consumption decreased The marginal propensity to coasume decreased and autonomous conumption decreased

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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