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What is the meaning of marginal propensity to consume (MPC)?a)It is the ratio of savings to disposable income.b)It is the slope of the consumption function.c)It indicates the proportion of income saved.d)It represents the change in consumption due to a change in income.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the meaning of marginal propensity to consume (MPC)?a)It is the ratio of savings to disposable income.b)It is the slope of the consumption function.c)It indicates the proportion of income saved.d)It represents the change in consumption due to a change in income.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the meaning of marginal propensity to consume (MPC)?a)It is the ratio of savings to disposable income.b)It is the slope of the consumption function.c)It indicates the proportion of income saved.d)It represents the change in consumption due to a change in income.Correct answer is option 'D'. Can you explain this answer?.

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