Which statement is true?

Question

Quizplus · Accepted Answer

Each statement provided is incorrect. At high levels of disposable income, induced consumption does not become zero; it typically increases as income increases. Induced consumption can be greater than autonomous consumption at various income levels, but it's not specifically tied to low levels of disposable income in the way described. Autonomous consumption and induced consumption are distinct concepts, where autonomous consumption occurs regardless of income level, and induced consumption varies with income, so they do not generally equal each other.

Which Statement Is True