GkSeries.com

Banking System and Capital Market Questions and Answers for Competitive Exams

Home/
General Knowledge/
the-functional-relationship-between-income-and-consumption-expenditure-is-explained-by

By Gkseries see more questions

Q.

The functional relationship between income and consumption expenditure is explained by

[A] Consumer’ surplus

[B] Law of demand

[C] Law of supply

[D] Keynes’s psychological law of consumption

Answer & Explanation
Answer: Option [D]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Read More Economics Solved Questions

Please share this page

Click Here to Read more questions

Teacher Eligibility Test