FIGURE 21-2
-Refer to Figure 21-2.The amount of desired consumption expenditure that is unrelated to the level of disposable income is
A)$0.
B)$500.
C)$1000.
D)$1500.
E)$2000.

Question

FIGURE 21-2
-Refer to Figure 21-2.The amount of desired consumption expenditure that is unrelated to the level of disposable income is
A)$0. 
B)$500. 
C)$1000. 
D)$1500. 
E)$2000.

Quizplus · Accepted Answer

The amount of desired consumption expenditure that is unrelated to the level of disposable income is called autonomous consumption expenditure. In Figure 21-2, autonomous consumption expenditure is $500.

FIGURE 21-2 -Refer to Figure 21-2.The Amount of Desired Consumption Expenditure That