Question
If MPS is 0.6, what will be ΔS when income increases by Rs 100?
Answer: Option A
:
A
MPS = ΔSΔY
ΔS = MPS *ΔY
= 0.6 * 100
= Rs. 60
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:
A
MPS = ΔSΔY
ΔS = MPS *ΔY
= 0.6 * 100
= Rs. 60
Was this answer helpful ?
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