Aggregate Demand |Average & Marginal Propensity to Consume| Consumption Function |Chapter 7 | Part 2

So in the last video , we covered the basics of Aggregate Demand & Aggregate Supply, their meaning along with graphs and their respective schedules. We also focused on the economical understanding of the concept.

In this video, diving deep into the chapter, we majorly focused on the consumption function and its two types of propensity to consume. Initially we covered Average Propensity to Consume and then we covered Marginal Propensity to Consume along with their detailed economic significance and graphs and schedules.

PROBLEMS SOLVED IN THE VIDEO :-
1. Meaning of consumption function
2. Graph and Schedule of consumption.
3. Breakdown of the meaning of graph into parts.
4. Meaning of break-even point.
5. Average Propensity to Consume meaning
6. Graph and schedule breakdown of APC
7. Tricks to analyze the numerical value of APC
8. Marginal Propensity to Consume
9. Graph and schedule breakdown of MPC
10. Tricks to analyze the numerical value of MPC
11. Why MPC of poor is more of rich?
12. Does MPC fall or remain constant?

Part 1 link :    • Aggregate Demand| Components | Aggreg...  

Go through the video thoroughly and ask any doubts you have in the comment section. I am waiting for you in the comment section. Do let me know if you love the video. Please show some support. It takes a lot to bring the correct knowledge on this platform.
Happy Reading
Keep Studying, Keep Slaying !
Vrinda Rungta

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