15Aggregate Demand Its ComponentsMedium1 markAn estimate of the consumption function of an economy is given by an equation C=10000+0.8Y where C=consumption and Y=income. Which conclusion can be drawn from this information?AThe average propensity to consume is constant.BThe average propensity to consume increases as income increases.CThe average propensity to consume is always equal to the marginal propensity to consume.DThe average propensity to consume is always greater than the marginal propensity to consume.Grade answerSolutionGrading criteria