CUET Economics PYQs

When consumer consumes a part of change in income, which of the following is true?

Suppose a TV manufacturing unit wants to raise its inventories from 1000 units to 2000 units during the year. Expecting sale of 5000 units during the year, the firm produces 5000+1000= 6000 TV sets. Actual sale for the firm are 5000 TV sets during the year.

This is an example of:

Deficient demand is said to exist in the economy when-