If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by

  • A N4.0 milion
  • B N25. 0 milion
  • C N2.5 milion
  • D N15.0 milion

The correct answer is B. N25. 0 milion

No explanation given
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