If the marginal propensity to consume is 0 6 an... - JAMB Economics 2006 Question
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 option: b
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