If automobiles and gasoline are complements, then their cross-elasticity coefficient will be:

Suppose that demand for a product falls, but prices are sticky. What is likely to happen to prices and output in that market, in the short run?

What will be an ideal response?

The above table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. The marginal propensity to consume in Syldavia is equal to

A) 0.80. B) 5.00. C) 0.75. D) 0.20. E) 0.40.