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Answer : 3. "Total Consumption and Total Income"
According to Kenz, the consumption function shows relation between.
5Q:
According to Kenz, the consumption function shows relation between.
- 1Total Consumption and Total Populationfalse
- 2Total Consumption and Normal Price Ratefalse
- 3Total Consumption and Total Incometrue
- 4Total Consumption and Rate of Interestfalse
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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