Autonomous consumption is
A) the sum of consumption that depends on the level of income and consumption that does not depend on income.
B) the part of consumption that depends on the level of income.
C) the part of consumption that does not depend on income.
D) the relationship between consumption spending and the level of income.

Question

Quizplus · Accepted Answer

Autonomous consumption is the part of consumption that does not depend on income. It refers to the minimum level of consumption that individuals or households engage in regardless of their income level, such as basic necessities like food and shelter.

Autonomous Consumption Is