To the extent that a governmental price control succeeds in affecting price, it can be expected to lead to a corresponding:
a. reduction in the volume of sales only if the price is forced down
b. reduction in the volume of sales if the price is forced down and an increase in the volume of sales if the price is forced up.
c. decrease in the volume of sales whether the price is forced up or down.
d. increase in the volume of sales whether the price is forced up or down.
c
Economics
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As the marginal propensity to consume ________, the value of the multiplier increases
A) decreases slightly B) is constant C) increases D) decreases
Economics
The information contained in the table illustrates:
A. political logrolling.
B. the median-voter model.
C. the paradox of voting.
D. the principal-agent problem theorem.
Economics