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प्रश्न
State whether the following statement is true or false.
Autonomous consumption is income elastic.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
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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.
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