Author Question: At the equilibrium price for gasoline: a. everyone with the desire and the income to buy gasoline ... (Read 81 times)

sabina · **on:** Jun 30, 2018

At the equilibrium price for gasoline:
a. everyone with the desire and the income to buy gasoline at that price can do so.
b. surpluses are inevitable.
c. quantity demanded exceeds the quantity supplied.
d. none of the above

Question 2

Marginal propensity to save is equal to the change in ____ divided by the change in ____.
a. consumption spending; total income
b. saving; total income
c. saving; disposable income
d. consumption spending; disposable income