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State Whether the Following Statement is True Or False. at Breakeven Point Consumption (C) is Equal to Income (Y). - Economics

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प्रश्न

State whether the following statement is true or false.

At breakeven point Consumption (C) is equal to income (Y).

पर्याय

  • True

  • False

MCQ
चूक किंवा बरोबर
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उत्तर

True. Breakeven point is a point where the consumption curve intersects the supply curve. At this point, consumption (autonomous + induced) is equal to income, accordingly, saving is equal to zero.

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पाठ 10: Determinants of Aggregates - Exercise 1 [पृष्ठ ९३]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 10 Determinants of Aggregates
Exercise 1 | Q 3.5 | पृष्ठ ९३
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