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debbievines606 debbievines606
  • 31-05-2024
  • Business
Answered

Given a consumption function of C = $1,000 + 0.6Yd, if disposable income is $1,000, then the average propensity to consume equals
a. 1.0
b. 0.6
c. 1.6
d. 0.4

Verified Answer :

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