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Author Question: Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen ... (Read 110 times)

anshika

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on: Jun 30, 2018
Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, if the market quantity supplied is 3, the price must be
 
  A) 0. B) 2. C) 4. D) 5.

Question 2

The multiplier for government spending is the same as the
 
  A) multiplier for autonomous consumption. B) marginal propensity to save.
  C) marginal propensity to import. D) tax multiplier.


milbourne11

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

B

Answer to Question 2

A


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