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,
Where,
change in income
MPC Marginal propensity to consume.
Where,
change in income
MPC Marginal propensity to consume.
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