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  3. 12th Class
  4. Economics

12th Class Economics Solved Paper - Economics 2017 Outside Delhi Set-I

  • question_answer
    Define marginal propensity to consume.

    Answer:

    MPC is the ratio of change in consumption to
    Change in income. Symbolically, MPC = \[\frac{\Delta C}{\Delta Y}\]
    Where,  AC = change in consumption
    AY = change in income
    MPC = Marginal propensity to consume.


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