The consumption curve makes an intercept of ₹ 60 crores on the Y-axis. If MPC:MPS can be expressed
Channel: Doubtnut
Date: 2020-05-03

The consumption curve makes an intercept of ₹ 60 crores on the Y-axis. If MPC:MPS can be expressed as 1:3, then derive the saving and consumption function. Also determine the level of income, when saving becomes zero ?