A movement along in the consumption function is caused by a change in:
a. real disposable income.
b. can be caused by a change in the price level.
c. the marginal propensity to consume (MPC).
d. none of these.
a
Economics
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Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of
A) safety concerns. B) perfect information. C) barriers to entry. D) labor union power.
Economics
Graphically, producer surplus is measured as the area:
A. under the demand curve and below the actual price. B. under the demand curve and above the actual price. C. above the supply curve and above the actual price. D. above the supply curve and below the actual price.
Economics