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Standard XI
Statistics
Important Pointers to Construct Index Numbers
Which curve i...
Question
Which curve is called consumption curve ?
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Solution
dear student
consumption curve is also called
indifference curve or IC
regards
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Draw on a diagram, a straight line savings curve for an economy. From it derive the consumption curve, explaining the method of derivation. Show a point on the consumption curve at which average propensity to consume is equal to 1.
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Price-consumption curve may be _______.
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