Multiple Choice
Which of the following statements is true?
A) Higher the income, higher is the marginal propensity to consume.
B) Higher the autonomous consumption expenditure, higher is the marginal propensity to consume.
C) Higher the autonomous consumption expenditure, lower is the marginal propensity to save.
D) Marginal propensity to consume and marginal propensity to save are constant, irrespective of whether . income or autonomous expenditures increase or decrease.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Other things equal, an increase in an
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