Value of MPC
Why can be value of MPC be not more than one? Answer: The value of MPC will not be more than one since increment in consumption (ΔC) can’t be more than the equivalent increment in income (ΔY), that is, ΔC < ΔY.
Why can be value of MPC be not more than one?
Answer: The value of MPC will not be more than one since increment in consumption (ΔC) can’t be more than the equivalent increment in income (ΔY), that is, ΔC < ΔY.
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
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State main sources of demand for foreign currency? Answer: The four main sources of demand for foreign currency are as follows: A) To buy services and goods from other countries. B) To send a gift abroad.
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
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