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What is marginal propensity to consume (MPC) ?

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asked Mar 29, 2019 in Class 12 by kratos

What is marginal propensity to consume (MPC) ?

aggregate demand
class-12
components

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1 Answer

+2 votes

answered Jan 10, 2020 by kratos

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MPC is the ratio of change in consumption to change in income. MPC = ∆C/∆Y denoted by “b”.

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