If Income Increases by $100 and Consumption Increases by $75,the

question 168

Multiple Choice

If income increases by $100 and consumption increases by $75,the slope of the consumption function equals

• A)1/4
• B)1/5
• C)1/2
• D)3/4
• E)3/5

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Definitions:

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at promoting competition and preventing unfair business practices.

Competitive Firms

Companies that operate in a market structure characterized by a large number of sellers producing similar but slightly differentiated products, where no single seller has significant market power to determine prices.

Clayton Act

A United States antitrust law, enacted in 1914, designed to prevent anticompetitive practices and monopolies, enhancing the Sherman Antitrust Act.

Exclusive Dealer

An exclusive dealer is a distributor or seller who has been granted the sole rights to sell a manufacturer's products in a specific geographic area or market.