Question : Which of the following statement are true?
- APC can be more than one.
- APC+APS =1 always.
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Answer (1)
24th Jan, 2024
Correct Answer:
Both are true.
Solution :
APC can be more than one. When consumption is greater than income.
APC+APS =1 always. If APC is more than 1, APS will be in negative.
Hence, Option A is correct.
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