Question
The slope of a consumption function in an economy is 0.6. Suppose tax increases from Ksh. 100 to Ksh.250 what will be the effect on
The slope of a consumption function in an economy is 0.6. Suppose tax increases from Ksh. 100 to Ksh.250 what will be the effect on equilibrium income if the original value of equilibrium income was Y=Ksh.2500?
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Statistics For Business Decision Making And Analysis
Authors: Robert Stine, Dean Foster
2nd Edition
978-0321836519, 321836510, 978-0321890269
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