at any point where the consumption function intersects the 45 - degree reference line, c = y. a. true b. false
at any point where the consumption function intersects the 45 - degree reference line, c = y. a. true b. false
Answer
Brief Explanations:
In a consumption - income graph, the 45 - degree line represents all points where the value on the vertical axis (consumption, C) is equal to the value on the horizontal axis (income, Y). When the consumption function intersects the 45 - degree line, it means that at that point, the amount of consumption is equal to the amount of income.
Answer:
A. True