2008
Economics
POST UTME
If the equation relating consumption (C) to income (Y) is C= N7,500 + 0.2Y, then
A.
consumption is inversely related to income
B.
consumption is the independent inversely related to income is the dependent variable
C.
if income is N15,000, the consumption is 10,500
D.
if consumption is N300,000, then income is N10,000
Correct Answer: if income is N15,000, the consumption is 10,500
Explanation
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