Derive a consumption function equation from the data

Economics
Tutor: None Selected Time limit: 1 Day

Real Disposable Income

Consumption

0

100

100

150

200

200

300

250

400

300

500

350

Oct 27th, 2014

Slope = (150-100)/(100-0)=0.5

Intercept =100

Consumption = 100 + 0.5 * Real Disposable Income

Oct 27th, 2014

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Oct 27th, 2014
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Oct 27th, 2014
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