Economy, asked by pinikadas, 17 days ago

state the feature of consumption. ​

Answers

Answered by Maheerameeran
0

Answer:

The concept of marginal propensity to consume has the following properties or characteristics:

MPC is Greater than Zero but Less than One: ...MPC Falls with Successive Increase in Income: ...MPC of the Poor is Greater than that of the Rich: ...The Short-Run MPC is Stable

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