1 3 If A Household S Income Falls From R20 000 To R17 000 And Its Consumption Falls 3298373

1.3 If a household’s income falls from R20 000 to R17 000 and its consumption falls from R18 000 to R15 000, then its: a) marginal propensity to consume is –0,67. b) marginal propensity to consume is 0,88. c) marginal propensity to consume is 0,20. d) marginal propensity to save is zero. e) marginal propensity to save is 0,12.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"