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=∆C∆Y
Where, ∆C= change in consumption
∆Y= change in income
MPC = Marginal propensity to consume.
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