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

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
Correct Answer: Option B
Explanation
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