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Linear function of consumption curve

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Linear function of consumption curve
  • 2 answers

Riddhi Pasari 5 years, 10 months ago

C= a+bY Where, C= total consumption at a particular level of income; a= autonomus consumption i.e. consumption even at zero level of income; b= MPC i.e. marginal propensity to consume; Y= national income

Anoop Gupta 5 years, 10 months ago

C=^C+b(y)
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