[Solved] Changes in the subjective or objective factors

McqMate

Q.	Changes in the subjective or objective factors
A.	Never affect consumption function
B.	Always cause downward shift in consumption function
C.	Always cause upward shift in consumption function
D.	They cause upward or downward shifts in consumption function
Answer» D. They cause upward or downward shifts in consumption function

2.6k

0

Do you find this helpful?

1

View all MCQs in

Micro Economics 1

Discussion

No comments yet

Related MCQs

Keynes considered subjective and objective factors:
“Utility or satisfaction is a subjective concept; therefore it could only be ranked”. The statement supports
When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to
In a combination of X and Y, if price of Y alone changes, the X intercept will :
If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:
Leakages are the factors which: