Economics · Indian Economy
What is the change in consumption resulting from a change in income called?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Disposable Income
- 2Total Consumption
- 3Marginal Propensity to Consume✓
- 4Average Propensity to Consume
Correct answer
Marginal Propensity to Consume
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