Given that Y -6-000 and C -100-0-75 Y- Then- at equilibrium- C is -A- 4-500B- 4-600C- 5-000D- 3-900

The correct option is B 4,600Given, C = 100 + 0.75Y, Or, C = 100 + 0.75(6,000) = 100 + 75100×6,000 = 100 + 4,500 = 4,600. ...

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Byju's Answer

Standard XII

Economics

Ex Ante Consumption

Given that Y ...

Question

Given that Y = 6,000 and C = 100 + 0.75Y. Then, at equilibrium, C is .

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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