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Author Question: A leftward shift in supply could be caused by: a. an improvement in productive technology. b. a ... (Read 64 times)

dbose

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on: Jun 30, 2018
A leftward shift in supply could be caused by:
 a. an improvement in productive technology.
  b. a decrease in income.
 c. some firms leaving the industry.
 d. a fall in the price of inputs to the industry.

Question 2

Which of the following changes in taxes would lead to the greatest increase in consumption?
 a. a 20,000 decrease in taxes, if MPC equals 0.5
  b. a 12,000 decrease in taxes, if MPC equals 0.75
  c. a 15,000 decrease in taxes, if MPC equals 0.6
  d. a 30,000 decrease in taxes, if MPC equals 0.25


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yotaSR5

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

c

Answer to Question 2

a


dbose

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

lkanara2

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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