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Author Question: What is the marginal propensity to consume for the economy described in Scenario 10.1? a. 0.45 b. ... (Read 23 times)

LCritchfi

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on: Jun 30, 2018
What is the marginal propensity to consume for the economy described in Scenario 10.1?
 a. 0.45
  b. 0.85
  c. 0.65
  d. 0.35
  e. Cannot be determined

Question 2

The law of demand asserts that:
 a. output prices are more important than input prices.
 b. when people want a good badly enough they will find a way to pay for it.
 c. people want to buy more of goods that are priced very high because of their prestige.
  d. the quantity of a good that people will buy is inversely related to the product's price.


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kxciann

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

c

Answer to Question 2

d


LCritchfi

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ghepp

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Reply 3 on: Yesterday
Excellent

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