ECONOMICS

JAMB 2006 - Question 1

Economics 2006 JAMB Past Questions - Question 1: If the marginal propensity to consume is 0.6 a.id consumption expenditure changes by #10 million, the equilibrium level of income will change by

Choose the most appropriate option for the gap .
If the marginal propensity to consume is 0.6 a.id consumption expenditure changes by #10 million, the equilibrium level of income will change by
A:
B:
C:
D:
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Correct Answer

B

Explanation