Question:medium

Consumption expenditure that remains unchanged even when income changes is known as:

Show Hint

Even if you have zero income, you still need to eat! Autonomous consumption is usually funded by "dissaving" (spending past savings) or borrowing.
Updated On: May 13, 2026
  • Induced Consumption
  • Autonomous Consumption
  • Productive Consumption
  • Intermediate Consumption
Show Solution

The Correct Option is B

Solution and Explanation

Was this answer helpful?
0

Top Questions on Consumption and Saving Functions

Questions Asked in CUET (UG) exam