If income changes from 1000 to 1500 and saving changes from 200 to 250, then calculate MPS.

0.1

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Solution

The correct option is B 0.1
MPS $= \frac{Change in savings}{Change in Income}$
MPS $= \frac{250 - 200}{1500 - 1000}$ $= \frac{50}{500} =$ $0.1$

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