Write Short note on:Marginal Propensity to Consume – InterviewSolution

1.	Write Short note on:Marginal Propensity to Consume
Answer» Marginal propensity to consume expresses the propensity to consume in proportionate terms. It refers to the ratio of change in the consumption expenditure to the change in the disposable income. Algebraically, MPC = ΔC/ ΔY.

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