Economy, asked by praneet1483, 10 months ago

Which of the following statements is true ?
(a) MPC + MPS = 0
(b) MPC + MPS < 1
(c) MPC + MPS = 1
(d) None of these

Answers

Answered by jaswalnarayan
0

Answer:

What is the value of MPC when MPS is zero? The value of MPC is equal to unity (i.e., 1) when MPS is zero since whole of disposable income is spent on consumption.

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