If the consumption function starts from the y-axis (not the origin), it means at zero income consumption is still positive. This positive value represents autonomous consumption, financed by past savings or borrowings.
CUET UG 2022 — Economics Macro
When consumption function starts from y axis, it indicates that ?
Verified 13 Jul 2026.
Consumption is zero when income is zero
Consumption is positive when income is zero
Saving is negative when income is positive
Saving is positive when income is zero
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