Can APC be greater than 1?Can APS be greater than 1?Can MPC be geater than 1?Can MPS be greater than 1?explain
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Yes, APC cn b grtr than 1. dis is generally happens in such situations whr the level of income is so low that consumption is greater than income. However, MPC cannot be grtr than 1.
APS cannot be grtr than 1 coz of the fact that saving is always less than income .same as MPS also cannot be grtr than 1.
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