send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
The simplest consumption function assumes_____________.
Consumption changes at a constant rate as income changes
Consumption changes faster with more income
Consumption does not change with income.
Consumption changes with more supply.
- Option 1: Consumption changes at a constant rate as income changes.
- This describes the simplest consumption function, where the marginal propensity to consume is constant.
- Option 2: Consumption changes faster with more income.
- This suggests that as income increases, consumption increases at an increasing rate, which is not assumed in the simplest consumption function.
- Option 3: Consumption does not change with income.
- This would mean consumption is always fixed, regardless of income, which doesn't align with the simplest consumption function.
- Option 4: Consumption changes with more supply.
- This suggests a relationship with supply, not income, which isn't part of the simplest consumption function.
Option 1: Consumption changes at a constant rate as income changes represents the simplest form of the consumption function.
By: Milap Bansal ProfileResourcesReport error
Access to prime resources
New Courses