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प्रश्न
Why can the value of MPC be not greater than one?
अति संक्षिप्त उत्तर
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उत्तर
The value of MPC (Marginal Propensity to Consume) cannot exceed one because the rise in consumption (ΔC) is typically less than the corresponding rise in income (ΔY); in other words, ΔC is less than ΔY.
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