Test Index
CBSE 2017 Class 12 Economics Outside Delhi Set-1
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Question : 2 of 18
Marks:
+1,
-0
Define marginal propensity to consume.
Solution:
MPC is the ratio of change in consumption to change in income. Symbolically,
MPC =
Where,∆ C = change in consumption
∆ Y = change in income
MPC= Marginal propensity to consume.
Where,
MPC
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