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12th Class Economics Sample Paper Economics - Sample Paper-13

  • question_answer
    Draw a straight line consumption curve. From it, derive a saving curve explaining the process. Show this on diagram.
    (i) The level of income at which Average Propensity to Consume (APC) is equal to one.
    (ii) A level of income at which Average Propensity to Save (APS) is negative.         

    Answer:

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