CBSE Class 12-commerce Answered
Can the value of MPS be 0
Can the value of MPS be 1
Please give detailed explanation
Asked by anshu3ag | 25 Mar, 2019, 01:18: PM
Expert Answer
MPS is measured as ratio of change in savings to change in income
A person may spend entire additional income (∆y) so that ∆s = 0. Thus MPS can at the most be zero.
MPS can never be negative since there is a positive relationship between income and savings.
Its value lies between 0 and 1
Answered by Christina | 26 Mar, 2019, 09:57: AM
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