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NextQ30

Read the following statements – Assertion (A) and Reason (R). Choose one of the correct alternatives given below : Assertion (A) : At the break-even level of income, the value of Average Propensity to Consume (APC) is zero. Reason (R) : Sum of Average Propensity to Consume (APC) and Average Propensity to Save (APS) is always equal to one. Alternatives :

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Question 29

Read the following statements carefully : Statement 1 : The induced consumption shows, the direct relation between consumption and income. Statement 2 : With a certain increase in income, induced consumption also increases. In the light of the given statements, choose the correct alternative from the following :

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