If both market demand and supply increase simultaneously by the ...

[P68T]

If both market demand and supply increase simultaneously by the same magnitudes, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____.
 a. Not change; decrease
 b. increase; increase
 c. increase; not change
 d. None of the above are correct

Question 2

If Melanie had 200,000 of income and spent 180,000 on consumption in 2010 and had 300,000 of income and spent 240,000 on consumption in 2011:
 a. her APC in 2010 was 0.8.
  b. her APC in 2011 was 0.9.
  c. her MPC was 0.6.
 d. her MPC was 0.8.

[tanna.moeller]

Answer to Question 1

c

Answer to Question 2

c

[P68T]

Gracias!

[vickybb89]

TYSM