Question

Imagine that income of a household increased to Rs.20,000 from Rs. 15,000.
simultaneously, the level of consumption has increased
to Rs. 12,000 from 9,000.
Estimate
the value of mps &mpc?​

Answer 1

Explanation:

Imagine that income of a household increased to Rs.20,000 from Rs. 15,000.

simultaneously, the level of consumption has increased

to Rs. 12,000 from 9,000.

Estimate