When disposable income rises from Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equal to

Related MCQs

• Psychological law of consumption states that the value of MPC is lies between zero and
• Ratio of consumption expenditure to any particular level of income
• Functional relationship between saving and disposable income is:
• Disposable Income does not include:
• Personal Disposable income is:
• When consumption and income are equal, saving is ------------
• When individuals income rises (everything remain the same) his demand for a normal good
• Commodities bought in larger quantities when income rises are called:
• When an individual’s income rises, when everything else remains the same, his demand for normal goods:
• In a closed economy, the value of multiplier , when MPC is 0.90