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When consumer consumes a part of change in income, which of the following is true? 1. MPC > 1 2. MPC < 1 3. MPC = 0 4. $0 < MPC < 1$

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Questions

When consumer consumes a part of change in income, which of the following is true? 1. MPC > 1 2. MPC < 1 3. MPC = 0 4. 0<MPC<10 < MPC < 10<MPC<1

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When consumer consumes a part of change in income, which of the following is true? 1. MPC > 1 2. MPC < 1 3. MPC = 0 4. $0 < MPC < 1$