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Author Question: If both market demand and supply increase simultaneously by the same magnitudes, then equilibrium ... (Read 85 times)

P68T

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on: Jun 30, 2018
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.


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tanna.moeller

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

c

Answer to Question 2

c


P68T

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Reply 2 on: Jun 30, 2018
Gracias!

mammy1697

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Reply 3 on: Yesterday
Excellent

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