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BBA NOTES AND QUESTION. Friday, May 20, 2011. Like demand, consumption is a multivariate relationship, that is, it is determined by many factors simultaneously. Among the various determinants, the disposable personal income is prominent factor. The income-consumption relationship, for which economist have coined the term consumption function. On the basis of the above discussion, consumption is simply a function of income. This can be written as. C f Y. Is autonomous consumption represents the lev.CONTENT
This web page bbanotesandquestion.blogspot.com states the following, "Friday, May 20, 2011." We saw that the webpage said " Like demand, consumption is a multivariate relationship, that is, it is determined by many factors simultaneously." It also said " Among the various determinants, the disposable personal income is prominent factor. The income-consumption relationship, for which economist have coined the term consumption function. On the basis of the above discussion, consumption is simply a function of income. This can be written as. Is autonomous consumption represents the lev."