The greater the MPC is, the ___ the slope of the demand curve.
a. greater
b. smaller
c. It depends on the trade balance.
d. The slope of the demand curve does not depend on this.
Ans: a. greater
Economics
You might also like to view...
The long-run supply curve for a competitive industry always has a positive slope
a. True b. False Indicate whether the statement is true or false
Economics
When viewed as a tangible asset, real estate can be defined as the land and its permanent improvements. Improvements on the land include:
A. fences B. walkways C. sewer systems D. streets
Economics