Find C at equilibrium Y when Y = 6,000 AND C = 100 + 0.75Y.

4,500

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4,600

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5,000

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3,900

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Solution

The correct option is B
4,600

Given, C = 100 + 0.75Y

OR, C = 100 + 0.75(6,000)

$= 100 + \frac{75}{100} \times 6, 000$

= 100 + 4,500 = 4,600.

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