NCERT Solutions for Class 12 Macro Economics Chapter-5 Aggregate Demand and Its Related Concepts NCERT TEXTBOOK QUESTIONS SOLVED Question 1. What is marginal propensity to consume? How is it related to marginal propensity to save?[3-4 Marks] Answer: (i) The ratio of change in consumption (C) to change in income (Y) is known as marginal propensity to consume. It indicates … [Read more...]