Author Question: If both market demand and supply increase simultaneously by the same magnitudes, then equilibrium ... (Read 81 times)

P68T · **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.