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CBSE Class 12-commerce Answered

Value of marginal propensity to consume not greater than 1. Why?

Asked by Topperlearning User | 18 Apr, 2016, 02:19: PM
Expert Answer

Value of marginal propensity to consume not greater than 1 because change in consumption cannot be greater than change in income.

Answered by | 18 Apr, 2016, 04:19: PM
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ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 02:19: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 02:19: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 02:19: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Macroeconomics
Asked by Topperlearning User | 18 Apr, 2016, 02:19: PM
ANSWERED BY EXPERT
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