On the basis of consumption function:  C = 120 + 0.40 Y, answer the following questions:
Channel: Doubtnut
Date: 2020-05-03

On the basis of consumption function:  C = 120 + 0.40 Y, answer the following questions:  (i) Derive the saving function.  (ii) Determine the saving at the income level of ₹ 500 crores.  (iii) At what level of income, saving becomes zero ?