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Which of the following is true regarding the consumption function?a)It shows the relationship between aggregate demand and supply.b)It relates the amount of consumption to the level of income.c)It determines the factors affecting aggregate supply.d)It reflects the changes in investment demand.Correct answer is option 'B'. 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 Which of the following is true regarding the consumption function?a)It shows the relationship between aggregate demand and supply.b)It relates the amount of consumption to the level of income.c)It determines the factors affecting aggregate supply.d)It reflects the changes in investment demand.Correct answer is option 'B'. 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 Which of the following is true regarding the consumption function?a)It shows the relationship between aggregate demand and supply.b)It relates the amount of consumption to the level of income.c)It determines the factors affecting aggregate supply.d)It reflects the changes in investment demand.Correct answer is option 'B'. Can you explain this answer?.

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