CUET Economics - If the autonomous consumption is given as 100 and the tendency of the people to increase consumption for an increase in income is only 20%, then derive the savings function. | PYQs + Solutions

CUET Economics

Macro

Medium

$S = -100 + 0.8 Y$

$S = 100 + 0.8 Y$

$S = 100 + 0.2 Y$

$S = -100 + 0.2 Y$

✅ Correct Option: 1

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