How can the APC fall as income rises if the MPC is constant?

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Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Apr 23, 2024 02:01 AM

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How can the APC fall as income rises if the MPC is constant?

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The APC Average Propensity to Consume is the ratio of total consumption expenditure to total income ...View the full answer

Economics

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