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Write Short Note On: Marginal Propensity to Consume - Economics

Short Note

Write Short note on:

Marginal Propensity to Consume

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Solution

Marginal propensity to consume expresses the propensity to consume in proportionate terms. It refers to the ratio of change in the consumption expenditure to the change in the disposable income. Algebraically, MPC = `(DeltaC)/(DeltaY)`.

Concept: Concept of Aggregate Demand and Aggregate Supply
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 10 Determinants of Aggregates
Exercise | Q 2.5 | Page 94
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