Doubtnut Promotions Sticky

"The rate of increase in consumption is equal to the rate of increase in income". Do you agree with this statement ?

Text Solution
Verified by Experts

No, we don't agree with this statement because a rational consumer always want some amount for saving, so out of his total income, he always saves some amount. Hence rate of increase in consumption can't be equal to rate of increase in income.

Doubtnut Promotions Banner
|
Updated on:21/07/2023

Related Playlists


Similar Questions