Supplier Power Tends to Be Low When

question 22

Multiple Choice

Supplier power tends to be low when

• A)Suppliers are less concentrated
• B)Inputs provided by the supplier are not vital
• C)Inputs are less differentiated
• D)All the above

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Definitions:

Disposable Income

Money left after taxes and compulsory fees have been subtracted, which can be used for spending or saving according to personal preference.

Marginal Propensity

The additional amount that people consume or save when they receive an extra dollar of income.

Simple Spending Multiplier

A ratio that estimates the impact on aggregate output (or income) of a change in autonomous spending.

Net Taxes

The total taxes paid by an individual or business minus any government subsidies or refunds received.