Suppose consumption is equal to £170. If autonomous consumption is £20 and income is £200, what is the value of the marginal propensity to consume (MPC)?
A) 0.5
B) 0.65
C) 0.7
D) 0.75

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The Answer of Suppose consumption is equal to £170. If autonomous consumption is £20 and income is £200, what is the value of the marginal propensity to consume (MPC)?
A) 0.5
B) 0.65
C) 0.7
D) 0.75

Suppose Consumption Is Equal to £170