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Q:

According to Kenz, the consumption function shows relation between. 

  • 1
    Total Consumption and Total Population
  • 2
    Total Consumption and Normal Price Rate
  • 3
    Total Consumption and Total Income
  • 4
    Total Consumption and Rate of Interest
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Answer : 3. "Total Consumption and Total Income"
Explanation :

Explain: -The Consumption function shows relation between Total Consumption and Total Income. It shows that consumption and income are inversely related

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