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
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.
Similar questions
Social Sciences,
6 months ago
Math,
6 months ago
Social Sciences,
6 months ago
English,
11 months ago
Math,
11 months ago
English,
1 year ago
Math,
1 year ago