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Derive a straight line saving curve …

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Derive a straight line saving curve using the following consumption function:C=20+0.6Y. Presuming the income levels to be 100, 200, 300 crores.Also calculate the level of income where consumption is equal to income.

    • Posted by Soyab Akhtar 7 years, 8 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Teresiya Paul 7 years, 8 months ago

    C=20+0.6×100. C=20+0.6×200 C=20+60. C=20+160 C=80. C=180 C=20×0.6×300 C=20+180 C=200. C=Y 200=200

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