Advertisements
Advertisements
प्रश्न
State whether the following statement is true or false.
Autonomous consumption is income elastic.
विकल्प
True
False
MCQ
सत्य या असत्य
Advertisements
उत्तर
False. Autonomous consumption is that consumption which is independent of income. This is the minimum level of consumption irrespective of whether a person earns or not. Hence, it is correct to say that the autonomous consumption is income inelastic.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
