The MPC can be used to predict the effect of a tax increase.
Answer the following statement true (T) or false (F)
True
Economics
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At any given quantity, the willingness to pay of the marginal buyer is the height of the __________
Fill in the blank(s) with correct word
Economics
According to Say's law,
A) if there is demand for a good, someone will supply it. B) production creates demand sufficient to purchase all goods and services produced. C) supply and demand work together to determine price. D) trading takes longer in a barter economy than in a money economy. E) none of the above
Economics