Proportionate change in consumption due to change in income will be same (Positively)
Dec 20, 2024
Nov 29, 2024
Nov 15, 2024
Nov 15, 2024
MPC=Marginal Propensity to Consume=ΔY(Disposible Income)ΔC(Consumer Spending)=ΔYΔCProportionate change in consumption due to change in income will be same (Positively)