a. dollar amount that income increases by when consumption increases by $1.
b. dollar amount that consumption increases by when income increases.
c. proportion of total income that is consumed.
d. proportion of extra income that is consumed.
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Home » Business » The marginal propensity to consume is the: a. dollar amount that income increases by when consumption increases by $1. b. dollar amount that consumption increases by when income increases. c. proportion of total income that is consumed. d.