2007
Economics
67e856d33cf20db308447ec1
If the equation relating consumption (C) to income (Y) is C= N7,500+0.2Y,then
A.
consumption is inversely related to income
B.
consumptions is the independent variable and income is the dependent variable
C.
if income is N15,000, the consumption is N10,500
D.
if consumption is N30,000 then income is N10,000
Correct Answer: if income is N15,000, the consumption is N10,500
Explanation
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