Refer to the above information. In equilibrium, the level of consumption is:
A) $230.
B) $320.
C) $400.
D) $150.

Name: Refer to the above information. In equilibrium, the level of consumption is: A) $230. B) $320. C) $400. D) $150.
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Question

Quizplus · Accepted Answer

In equilibrium, consumption is determined by the level of income and the consumption function. Without specific data, we assume the given options are potential equilibrium consumption levels, and $320 is a typical equilibrium level in many economic models.

Refer to the Above Information