Question : Which of the following about MPC is correct?
- MPC can be more than 1
- MPC of rich is more.
- MPC falls with successive increase in income.
Option 1: Only 1
Option 2: Only 2&3
Option 3: Only 3
Option 4: 1,2&3
Answer (1)
15th Jan, 2024
Correct Answer:
Only 3
Solution : The important points are-
- Value of MPC where is between zero and one.
- Value of poor is more than that of rich.
- MPC falls with successive increase in income.
Hence, Option C is correct.
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