-In the figure above, when income equals $20,000, what does consumption equal?
A) $0
B) $10,000
C) $20,000
D) impossible to tell

Name: -In the figure above, when income equals $20,000, what does consumption equal? A) $0 B) $10,000 C) $20,000 D) impossible to tell
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Question

-In the figure above, when income equals $20,000, what does consumption equal?
A) $0 
B) $10,000 
C) $20,000 
D) impossible to tell

Quizplus · Accepted Answer

When income equals $20,000, consumption equals $20,000. This is because the consumption function is C = Y, where C is consumption and Y is income.

-In the Figure Above, When Income Equals $20,000, What Does