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15. Income and Consumption
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Problem 15
15. Income and Consumption
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15. Income and Consumption / Average Propensity to Consume and Save / Problem 12
Problem 12
If the marginal propensity to consume is 0.75, how much additional consumption will occur if income increases by \$1,000?
A
\$1,750
B
\$1,000
C
\$750
D
\$250
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