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In the diagram, the marginal propensity to consume (MPC) is equal to
Classroom
Economics Classroom
Jamb
Jamb 1993
National Income
The Concepts Of Consumption, Investment And Savings
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In the diagram, the marginal propensity to consume (MPC) is equal to
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
\(\frac{RP}{TP}\)
B
\(\frac{TP}{RP}\)
C
\(\frac{RT}{RP}\)
D
\(\frac{RT}{TP}\)
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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