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Consumption, investment, and government spending income determination correct; AD equals AS, multiplier MPS concept.
Ref: NCERT Economics Class XII Chapter 4 Determination of Income explains aggregate demand supply equilibrium multiplier investment concepts clearly.
The point where aggregate demand equals income determination correct; AD equals AS, multiplier MPS concept.
Ref: NCERT Economics Class XII Chapter 4 Determination of Income explains aggregate demand supply equilibrium multiplier investment concepts clearly.
AD and AS correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Both (1) and (2) correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
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