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Economics · 2023 · 1 mark
Determination of Income and EmploymentAggregate Demand and its Components1 markAnalyseassertion reason
CBSE 2023 · Region 4 · Set 1 · Q10
Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative given below.Assertion (A) : Rich people have lower Marginal Propensity to Consume (MPC) as compared to poor people.Reason (R) : Consumption curve makes an intercept on the y-axis at a point above the origin.Alternatives :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion (A).
Marking-scheme solution
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Practice Determination of Income and Employment →All Determination of Income and Employment questions
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CBSE Class 12 Economics past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.