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Summr 2018/2019 a. 0.75 b. 7.5 C. 1.25 d. 0.25 Next page
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Answer #1

Marginal propensity to consume = (change in consumption/ change in income)= (75/100)= 0.75.

Hence, option(A) is correct.

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Summr 2018/2019 a. 0.75 b. 7.5 C. 1.25 d. 0.25 Next page
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