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Author Question: The consumption function shows that when disposable income increases by one dollar, consumption ... (Read 174 times)

lunatika

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The consumption function shows that when disposable income increases by one dollar, consumption expenditure
 
  A) does not change.
  B) increases by more than a dollar.
  C) increases by one dollar.
  D) decreases by less than a dollar.
  E) increases by less than a dollar.

Question 2

The above figure shows the market for game day t-shirts. If the price of t-shirts is 8, then
 
  A) the market is in equilibrium.
  B) there is a shortage and the price of t-shirts will rise.
  C) there is a shortage and the price of t-shirts will fall.
  D) there is a surplus and the price of t-shirts will fall.
  E) there is a surplus and the price of t-shirts will rise.



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dyrone

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Answer to Question 1

E

Answer to Question 2

B




lunatika

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


Alyson.hiatt@yahoo.com

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Reply 3 on: Yesterday
:D TYSM

 

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