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Which of the following is an example of a behavioral function?Question 6Select one:a.Production functionb.Supply functionc.Tax functiond.Consumption function

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Which of the following is an example of a behavioral function?Question 6Select one:a.Production functionb.Supply functionc.Tax functiond.Consumption function

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Solution

The correct answer is d. Consumption function. This is because a behavioral function in economics refers to the relationship between consumer behavior and their spending habits, which is what the consumption function represents. It shows how changes in income affect consumption levels. The other options, such as production, supply, and tax functions, are more related to business operations and government policy, not individual or group behavior.

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