Test Index
CBSE 2014 Class 12 Economics Delhi Set-1
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Question : 3 of 19
Marks:
+1,
-0
Define marginal propensity to consume.
Solution:
Marginal Propensity to Consume is the ratio of change in the consumption expenditure and change in the disposable income. Algebraically,
M P C = ∆ C ∕ ∆ ϒ
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