A cartel is a group of firms that attempt to collude by coordinating price and output decisions

A price ceiling will increase the amount that is traded in the market while a price floor will reduce the amount that is traded in the market

Indicate whether the statement is true or false

Which of the following do the marginal propensity to consume and the marginal propensity to save have in common?

a. They contradict Keynes’s original model. b. They apply only to certain household consumers. c. It is impossible for either to be zero. d. They both require change in disposable income to calculate.