Home » Economics » If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million,…If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million,… If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by A. N4.0 milion B. N25. 0 milion C. N2.5 milion D. N15.0 milion Correct Answer: Option B Explanation Related Posts If the Central Bank intends to increase the money supply through open market operations then… Giffen commodities are those commodities A factor that influences the location of a firm near its market is the? Which of the following is not a middleman in the distribution channel? The GNP is not a good measure of social welfare because there are unrecorded? The government can influence the price of agriculture products by?
