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What is the psychological law of consumption proposed by Keynes?a)Consumption increases proportionally with income.b)Consumption remains constant regardless of income changes.c)Consumption increases, but not by as much as income.d)Consumption decreases with increasing income.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the psychological law of consumption proposed by Keynes?a)Consumption increases proportionally with income.b)Consumption remains constant regardless of income changes.c)Consumption increases, but not by as much as income.d)Consumption decreases with increasing income.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the psychological law of consumption proposed by Keynes?a)Consumption increases proportionally with income.b)Consumption remains constant regardless of income changes.c)Consumption increases, but not by as much as income.d)Consumption decreases with increasing income.Correct answer is option 'C'. Can you explain this answer?.

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