Marginal Propensity to Consume is (a) Increase in consumption due to one unit increase in income. (b) Total consumption divided by total income. © Both (a) and (b). (d) Neither (a) nor (b).

Marginal Propensity to Consume is
(a) Increase in consumption due to one unit increase in income.
(b) Total consumption divided by total income.
© Both (a) and (b).
(d) Neither (a) nor (b).
by

1 Answer

Answer :

(a) Increase in consumption due to one unit increase in income.
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