The slope of the saving function is the
A) APC. B) MPC. C) APS. D) MPS.
D
You might also like to view...
Suppose the value of income elasticity of demand for a private college education is equal to 1.5 . This means that:
a. every $1 increase in income provides an incentive for a $1.50 increase in expenditures on private college education. b. every $1.50 increase in income provides an incentive for a $1 increase in expenditures on private college education. c. a 10 percent increase in income causes a 15 percent increase in the quantity of private college education purchased. d. a 15 percent increase in income causes a 10 percent increase in the quantity of private college education purchased. e. a 10 percent decrease in private college tuition will have a large enough income effect to increase spending on private college education by 15 percent.
A price ceiling set below the equilibrium price is binding
a. True b. False Indicate whether the statement is true or false
In 2010, the proportion of all poverty-level families headed by a female was
a. approximately one-fourth. b. approximately one-third. c. approximately half. d. more than three-fourths.
What would happen in the market for knee replacement surgery if insurance companies started to cover a smaller portion of the cost of the surgery, and fewer doctors decide to enter the field of joint replacement surgery?
A) Demand will decrease, but this will not shift the supply curve. B) Supply will decrease, but this will not shift the demand curve. C) Demand and supply will both decrease. D) Demand will decrease and supply will increase.