Autonomous consumption refers to consumption _____.
A) that increases more than proportionately with an increase in income
B) that is undertaken by an individual when their income is zero
C) that occurs after the individual has earned a certain level of income
D) on luxury goods like yachts and diamonds

Question

Quizplus · Accepted Answer

Autonomous consumption is the level of consumption that occurs when income is zero. It represents the basic level of consumption that is necessary for survival and does not depend on the level of income.

Autonomous Consumption Refers to Consumption _____