Search SchoolNGR

Sunday, 05 April 2026
Register . Login

If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 ...

If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N4.0 milion
  • B N25. 0 milion
  • C N2.5 milion
  • D N15.0 milion
Correct Answer: Option B
Explanation:

Share question on: