The slope of the consumption function is also known as
a. the consumption ratio
b. the average propensity to consume
c. autonomous consumption spending
d. the marginal propensity to consume
e. multiplying propensity to consume
D
Economics
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Define what is meant by the tax base and give an example
What will be an ideal response?
Economics
Refer to Figure 15-11. Following the entry of Verizon, the subscription price falls from PM to PC. What is the increase in consumer surplus as a result of this change?
A) the area D + F B) the area B + C C) the area A + B + C D) the area B + C + D
Economics