Question

Which component of \[C=\bar{C}+cY\] is independent of income?

विकल्प

• \[\bar{C}\]

• \[MPC\]

• \[APS\]

• \[cY\]

Answer 1

\[\bar{C}\] denotes autonomous consumption, which is independent of income. The component \[cY\] changes when income changes.