-In the above figure, when income is zero, household expenditures equal

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Quizplus · Accepted Answer

When income is zero, household expenditures equal the intercept of the expenditure line on the graph, which is typically represented as autonomous consumption or the amount a household would spend even when income is zero. This is often depicted as the point where the expenditure line intersects the y-axis. In this context, without seeing the actual figure but based on common economic principles, $8,000 is a plausible value for this intercept, representing the base level of expenditures irrespective of income.

-In the Above Figure, When Income Is Zero, Household Expenditures