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Difference between apc and MPC

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Difference between apc and MPC

Posted by Pawan Meena 2 years ago

CBSE > Class 12 > Economics

2 answers

Shivam Mishra 2 years ago

Apc = average propensity to consume MPC= marginal propensity to consume

0Thank You

Sweety Gautam 2 years ago

Apc=refers to ratio of consumption expenditure to corresponding level of income. Mpc=it refers to ratio of change in consumption expenditure to change in total income.

5Thank You

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