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when c = 200 + 0.7y and the I = 5500 equilibrium level of income is

Posted by Aditya Garg 5 years, 3 months ago

CBSE > Class 12 > Economics

3 answers

Vansh Rastogi 5 years, 3 months ago

✓Y=C+I ______✓y= (200+0.7y) + (5500) ________✓y-0.7y = 200+5500 _______✓y(1-0.7)= 5700 _______✓0.3y=5700 _______✓y=5700÷0.3 ________✓y=19000 Step by step , hope you understand :)

1Thank You

Aditya Garg 5 years, 3 months ago

How 19000 come

0Thank You

Khushi Jain 5 years, 3 months ago

Equilibrium of income is Y At equlibrium, Y=C+I {AD=AS=Y so AD=C+I} Or, Y 200+0.7Y+5500 (C=200+0.7Y) Y-0.7Y=200+5500 0.3Y=5700 Y=19000 i.e equilibrium level of income

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