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The Figure Given Below Represents the Consumption Function of a Country

Question 84

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The figure given below represents the consumption function of a country. Figure 9.3 The figure given below represents the consumption function of a country. Figure 9.3   Refer to Figure 9.3.If the marginal propensity to consume is equal to 0.3, then: A) autonomous consumption would decrease. B) the total amount of dissaving would increase. C) consumption spending would equal disposable income at an income level greater than $400. D) consumption spending would equal disposable income at an income level less than $400. E) consumption spending would equal disposable income at the same income level of $400. Refer to Figure 9.3.If the marginal propensity to consume is equal to 0.3, then:


A) autonomous consumption would decrease.
B) the total amount of dissaving would increase.
C) consumption spending would equal disposable income at an income level greater than $400.
D) consumption spending would equal disposable income at an income level less than $400.
E) consumption spending would equal disposable income at the same income level of $400.

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