2006
Economics
67e856d33cf20db308447ec1
If the marginal propensity to save is 0.4 and consumption expenditure changes by N10 million , the equilibrium level of income will change by
A.
N15.0million
B.
N4,0million
C.
N2.5million
D.
N25million.
Correct Answer: N25million.
Explanation
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