Answer :
The sum total of APC and APS is always equal to one, and APC can never be greater than 1. This is because the savings of a consumer can never exceed his income as consumption is always positive.
Rate this question :
How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Sex determination45 mins
Medelian disorder series: Thalassemia, Sickle cell anaemia & Phenylketonuria60 mins
Pedigree chart58 mins
Everything About Genetic Disorders55 mins
Formation and stability of carbocation58 mins
How to solve questions of pedigree chart49 mins
How to solve applied questions based on Mendel's law of inheritance46 mins
Interactive Quiz on Principles of Inheritance and Variation33 mins
Concept of bond angle and bond length59 mins
Photoelectric Effect | World of Photons45 mins
Sex determination45 minsMedelian disorder series: Thalassemia, Sickle cell anaemia & Phenylketonuria60 minsPedigree chart58 minsEverything About Genetic Disorders55 minsFormation and stability of carbocation58 minsHow to solve questions of pedigree chart49 minsHow to solve applied questions based on Mendel's law of inheritance46 minsInteractive Quiz on Principles of Inheritance and Variation33 minsConcept of bond angle and bond length59 minsPhotoelectric Effect | World of Photons45 minsTry our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
view all courses
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
RELATED QUESTIONS :
Given saving curve, derive consumption curve and state the steps in doing so. Use the Diagram.
Economics - Board PapersIf nominal income is Rs 500 and the price index is 125, calculate the real income.
Economics - Board PapersAn economy is in equilibrium. Find investment expenditure.
National income = 1200
Autonomouns consumption expenditure = 150
Marginal propernsity to consumer = 0.8
Economics - Board PapersSale of petrol and diesel cars is rising particularly in big cities. Analyse its impact on gross domestic product and welfare.
Economics - Board Papers