Economics · Macroeconomics
The ratio of the change in consumption to the change in income is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Marginal Propensity to Consume✓
- 2Income Elasticity
- 3Marginal Propensity to Save
- 4Average Propensity to Consume
Correct answer
Marginal Propensity to Consume
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