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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

In which factors will a change lead to a change in consumption?

To determine

What changes in factors lead to the change in consumption.

Explanation

The consumption is a function of the autonomous consumption (C0) and the induced consumption (MPC×Yd) of the consumer. The autonomous consumption is the consumption which is independent on the level of disposable income of the consumer. The induced consumption is the part of consumption which is dependent on the level of disposable income of the consumer

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