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प्रश्न
Read the following statements carefully:
Statement 1: The induced consumption shows, the direct relation between consumption and income.
Statement 2: With a certain increase in income, induced consumption also increases.
In the light of the given statements, choose the correct alternative from the following:
पर्याय
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both Statements 1 and 2 are true.
Both Statements 1 and 2 are false.
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उत्तर
Both Statements 1 and 2 are true.
Explanation:
Induced consumption is the level of consumption that is determined by one's income. It is directly proportional to income. As income rises, so does induced consumption.
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संबंधित प्रश्न
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In the light of the given statements, choose the correct alternative from the following:
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| Income (in ₹ crores) |
Savings (in ₹ crores) |
| 0 | -20 |
| 50 | -10 |
| 100 | 0 |
| 150 | 30 |
| 200 | 60 |
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