State whether the following statement is true or false.At breakeven po – InterviewSolution

1.	State whether the following statement is true or false.At breakeven point Consumption (C) is equal to income (Y).optionsTrueFalse
Answer» True. Breakeven point is a point where the consumption curve intersects the supply curve. At this point, consumption (autonomous + induced) is equal to income, accordingly, saving is equal to zero.

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