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Ab aap Whatsapp pe solutions paa saktey h, hum aapko ping karenge. Study Materials. Why use Doubtnut? Earth Science. Social Science. Political Science. Literature Guides. Popular Textbooks. Buy Find launch. Section Chapter Questions. Problem 1. Problem 2. Problem 3. Problem 4. Thus, even at zero level of income, some consumption expenditure is incurred. This expenditure at zero level of income is called autonomous consumption expenditure which is shown by the intercept made by the consumption curve on the Y-axis.
In the diagram the intercept OC shows the expenditure at zero income level. A change in the level of consumer wealth will shift the consumption function either upward or downward. Saving is defined simply as disposable income minus consumption.
Any factor that would shift the consumption function upward would shift the saving function upward also. Given a typical shaped consumption function, as the level of income rises, the APC rises as well.
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