Which of the following is the correct formula for the marginal propensity to consume?
A. MPC = 1 ÷ (1 - MP
B. MPC = (total consumption) ÷ (total disposable income).
C. MPC = 1 - MPS.
D. MPC = (change in consumption) + (change in disposable income).
C. MPC = 1 - MPS.
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Indicate whether the statement is true or false
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