Suppose disposable income increases by 2000 as a result


Suppose disposable income increases by $2,000. As a result, consumption increases by $1,500. Answer the following questions based on this information. Where appropriate, enter your answer as a decimal rather than as a percentage.

The increase in savings resulting directly from this change in income is:

The marginal propensity to save (MPS) is:

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Suppose disposable income increases by 2000 as a result
Reference No:- TGS01185306

Expected delivery within 24 Hours