1. Case study
When Mukesh was unemployed he used his past
savings to sustain his consumption. After getting
a job he initially did not save anything. However
after an increment, he decided to save some part
of his income and spend the rest.
On the basis of above, answer following questions :
(1) Mukesh's behaviour is based on which law?
(ii) What are the main propositions of the law.
861/K/17
P. T.O.​