C=100+0.4 Y is the consumption Function of an economy where C is consumption expenditure and Y is National income , Inestment expenditure is 1,100 ₹ calculate
(i)Equilibrium level of National income
(ii) Consumption expenditure at equilibrium level of national income (set 1)
c=50+0.5 Y is the consumption function where C is consumption and Y is National income and invesrment expenditure is 2.000₹ in an economy ,calculate
(i) equilibrium level Of (national ) income
(ii) Consumpton exendditture at equilibrium level of (National ) income (set 2)

Answer

{(Rs. 2000;(ii) Rs.900)}
{(Rs.4100;(ii) Rs.2100)}