Autonomous net taxes
Assume autonomous net taxes fall by $800 and the MPC is 7/8. Net exports, planned investment, taxes, and government purchases are autonomous and remain fixed. As a result, saving will initially:
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American smoke 470 billion cigarettes and the average price per pack was $2. If the price elasticity of demand is -0.4 and price elasticity of supply is 0.5, calculate the demand and supply linear equation.
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