The change in consumption per unit change in income is known as: Option 1: Marginal propensity to save (MPS) Option 2: Average propensity to consume (APC) Option 3: Marginal propensity to consume (MPC) Option 4: Average propensity to save (APS)

The answer is 'Marginal propensity to consume (MPC)'. View full solution:

The chan>= in consumption per unit chan>= in income is known as:

Avera>= propensity to consume (APC)

Avera>= propensity to save (APS)

CUET Economics 2026 13th May Shift 1

Macro

Easy

Marginal propensity to save (MPS)

Average propensity to consume (APC)

Marginal propensity to consume (MPC)

Average propensity to save (APS)

✅ Correct Option: 3