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Author Question: What is the value of the MPC if 66 out of every 100 increase in disposable income is consumed? A) ... (Read 35 times)

mrsjacobs44

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What is the value of the MPC if 66 out of every 100 increase in disposable income is consumed?
 
  A) 34
  B) 0.34
  C) 0.66
  D) 166
  E) More information is needed to determine the MPC.

Question 2

If the price of tangerines increases, the price of oranges also rises because
 
  A) buyers' incomes must have decreased, and oranges are an inferior good.
  B) if the supply of tangerines decreased, then the supply of oranges also must decrease.
  C) buyers must have expected a higher price for oranges and thus increased their demand for oranges.
  D) consumers consider the two goods complements, and so sellers decreased the supply of oranges.
  E) consumers consider the two goods substitutes, and demand for oranges increases.


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macagnavarro

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mrsjacobs44

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


amit

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Reply 3 on: Yesterday
:D TYSM

 

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