Question 21

Assume a household would consume N100 worth of goods and services per week if its weekly income were zero and would spend an additional N80 per week for each N100 of additional income. If C represents consumption and Y income, the equation that summarizes this relationship is:

  • A.C = 80 + 100Y
  • B.C = 100 + 8Y
  • C.C = 100 + 0.80Y
  • D.C = 80 + .1Y.
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2011/2012
Question no.
#21
Type
Objective

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