Question

Are the following statements True or False ? Give reason . a) The value of MPC can be greater than 1. b) APC falls with increase in income. c) Aggregate demand curve is upward sloping starting from origin. d) When income increases , MPC falls but at a rate more than that of APC.

Answer 1

Answer:

a) True

b) True

c) False

d) True

Explanation:

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