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The term marginal propensity to consume can best be explained as the

Economics
WAEC 1988
The term marginal propensity to consume can best be explained as the
  • A. Desire to spend more income on consumption
  • B. Change in consumption as a percentage of change in income
  • C. Average regularly spend on consumption
  • D. Total expenditure on consumption
  • E. Inclination to spend only a little on consumption
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Correct Answer: Option B
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