Economy, asked by Jassbhaati, 5 months ago

dintinguish between average propensity to consume and marginal propensity to consume
the valur of which of these two can be greater then one and when

Answers

Answered by rajnishbhardwaj32

4

Answer:

Average propensity to Consume refers to the ratio of Consumption Expenditure . to the corresponding level of income. Marginal propensity to consume refers to the ratio of change in Consumption Expenditure (△C) to change in total income (△Y). It can be greater than 1, equal to 1 or less than 1.

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