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If the autonomous consumption is giv en as 100 and the tendency of the people to increase consumption for an increase in income is only 20%, then derive the savings function.a)S = – 100 + 0.8 Yb)S = 100 + 0.8 Yc)S = 100 + 0.2 Yd)S = – 100 + 0.2 YCorrect answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about If the autonomous consumption is giv en as 100 and the tendency of the people to increase consumption for an increase in income is only 20%, then derive the savings function.a)S = – 100 + 0.8 Yb)S = 100 + 0.8 Yc)S = 100 + 0.2 Yd)S = – 100 + 0.2 YCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If the autonomous consumption is giv en as 100 and the tendency of the people to increase consumption for an increase in income is only 20%, then derive the savings function.a)S = – 100 + 0.8 Yb)S = 100 + 0.8 Yc)S = 100 + 0.2 Yd)S = – 100 + 0.2 YCorrect answer is option 'A'. Can you explain this answer?.

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