Answer: shift out by more than $40 if the mpe is between 0 and 1
Explanation:
If the price level is fixed and autonomous expenditures rise by $40, then the multiplier model would predict that the aggregate demand curve would:
SHIFT OUT BY MORE THAN $40 IF THE MPE IS BETWEEN 0 AND 1
Answer:
The amount of its liabilities is 280000
Explanation:
In a business balance we can see the following accounting equation
liabilities + owners' equity= assets
liabilities = assets -owners' equity
liabilities = $700,000-$420,000
liabilities = $280,000
Answer and Explanation:
The red and the convertible cars would be considered similar i.e. they are perfect substitutes also the car and the convertible car would be the substitutes but it is not a perfect as the convertible car would be the subset of the car group plus the expenditure made on the convertible car would be high so here the elasticity is more