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If the equation for the consumption schedule is C = 20 + 0.8Y, where C is consumption and Y is disposable income, then the average

If the equation for the consumption schedule is C = 20 + 0.8Y, where C is consumption and Y is disposable income, then the average propensity to consume is 1 when disposable income is:

Question 54 options:

a)

$80

b)

$100

c)

$120

d)

$160

e)

None of the above

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