Question: Q2 Given the consumption function C=a+bY, (with a>0;0 0. c. Show that this consumption function is inelastic at all positive income levels

Q2 Given the consumption function C=a+bY, (with a>0;00. c. Show that

Q2 Given the consumption function C=a+bY, (with a>0;00. c. Show that this consumption function is inelastic at all positive income levels

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