Advertisements
Advertisements
Question
Within which range does the value of MPC always lie?
Options
Above 1 only.
Between 1 and 2 (inclusive).
Below 0 only.
Between 0 and 1 (inclusive).
MCQ
Advertisements
Solution
The value of MPC always lies between 0 and 1, inclusive. It shows how much of an additional income is spent.
shaalaa.com
Is there an error in this question or solution?
