Determination of Income and Employment — Economics STD 12 Commerce — Question
CBSE BoardEnglish MediumSTD 12 CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Why does consumption curve not start from the origin?
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Answer
Because consumption exist even at zero level of income i.e., autonomous consumption. It is must for survival because you have to consume even at zero income. It starts from above the origin.
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