Question: A consumption function is shown in the accompanying graph. Which of the following is the correct equation for the consumption function depicted? 45 degree O

A consumption function is shown in the accompanying graph. Which of the following is the correct equation for the consumption function depicted? 45 degree O A. C = 500 + (1/3)YD O B. C = 1000 + (1/3)YD C O C. C = 1500 + (1/3)YD 2000 Desired Consumption Expenditure (C) (dollars) O D. C = 500 + (0.50)YD 1500 O E. C=(0.50)Y 1000 500 :1000 :2000 :3000 Disposable Income (Yd) (dollars)

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