Question: a) Analyze the consumption function. Given that, C = 1000 + 0.8Yd, Y = 10000, and tax rate = 10%. Prove that, APC + APS

a) Analyze the consumption function. Given that, C = 1000 + 0.8Yd, Y = 10000, and tax rate = 10%. Prove that, APC + APS = 1.

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