Income Determin...

Any point on the demand curve below the equilibrium point shows _____.

Study of how the consumer decides, given his income and many alternative goods to choose from, what to buy when he knows the prices is called study of __________.

The income elasticity demand for farm products is _____________.

Graphically, when demand curve moves upward, there is __________.

If the marginal propensity to consume is greater than marginal propensity to save, the value of the multiplier will be _______________.

A person spends a portion of his monthly income on his household and the rest is saved. The ratio of his expenditure and saving is 27:2. Find his monthly saving when his monthly expenditure is Rs. 675__.

Perfectly inelastic demand curve is ___________.

What would be total consumption from the following data if disposal income is Rs. $$2000$$ and consumption function is $$C=400+0.6$$Yd.?

Equilibrium price and quantity is determined by ___________.

How is marginal propensity to consumed expressed mathematically?