Practicing Success
A. Consumer may choose not to change consumption when income has changed then MPC =0 B. Consumer may entire change in income then MPC = 1 C. Consumer may choose not to change consumption when income has changed then MPC = 1 D. Consumer may choose entire change in income then MPC = 0 E. Consumer may choose entire change in income then MPC = ∝ Choose the correct answer from the options given below : |
A and B only C and D only D and E only C and E only |
A and B only |
The correct answer is option (1) : A and B only |