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Author Question: When the price of apples goes up A) the quantity of apples demanded will decrease, ceteris ... (Read 71 times)

james9437

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on: Jun 30, 2018
When the price of apples goes up
 
  A) the quantity of apples demanded will decrease, ceteris paribus.
  B) the demand for apples will increase, ceteris paribus.
  C) the quantity of apples demanded will increase, ceteris paribus.
  D) the demand for apples will decrease, ceteris paribus.

Question 2

If the marginal propensity to consume (MPC) is 0.8, the multiplier is
 
  A) 0.8. B) 5.0. C) 1.2. D) 0.2.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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lcapri7

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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