If the price of garlic is represented by equation P = 25 - QD, then the corresponding quantity of garlic demanded is represented by the equation
A) QD = -25 + P. B) QD = P + 25. C) QD = P - 25. D) QD = 25 - P.
D
Economics
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If the marginal propensity to consume (MPC) is 0.96, the value of the spending multiplier is:
a. 25. b. 40. c. 96. d. 100.
Economics
The quantity of savings that people are willing to supply will depend on:
A. the price they will receive. B. the amount they have left over after consumption. C. their disposable income. D. their age, since people tend to stop saving once they retire.
Economics