Ask Question
9 October, 19:54

Induced consumption is equal to saving when consumption equals disposable income. consumption when disposable income is zero. consumption caused by an increase in disposable income. dissaving when disposable income is greater than zero.

+4
Answers (1)
  1. 9 October, 22:44
    0
    Induced consumption is consumption caused by an increase in disposable income.

    Basically, when an increase in income is the thing that causes increased buying/consumption, you would say that the increase in income induced the change in consumption.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Induced consumption is equal to saving when consumption equals disposable income. consumption when disposable income is zero. consumption ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers