If, in an economy, the minimum level of consumption is 45 and 80% of an increase in income(Y) is consumed, what will be the consumption function of this economy?
Held on 15 May 2025 · Verified 13 Jul 2026.
45 + 80Y
-45 + 20Y
-45 + 0.80Y
45 + 0.80Y
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