Suppose When John's Income Increases from $10,000 to $15,000, His

question 272

Multiple Choice

Suppose when John's income increases from $10,000 to $15,000, his consumption increases from $3,000 to $4,500. What is the value of his marginal propensity to save?

• A) 0.2
• B) 0.3
• C) 0.7
• D) 0.8

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