Question 3

If the equation relating consumption (C) to income (Y) is C = N7,500 + 0.2Y, then

  • A.consumption is inversely related to income
  • B.consumption is the independent variable and income is the dependent variable
  • C.If income is N15,000, the consumption is N10,500
  • D.if consumption is N30,000, then income is N10,000
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2008/2009
Question no.
#3
Type
Objective

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