Why does the import function slope down? What is the marginal propensity to import?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 01:47 AM

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Why does the import function slope down? What is the marginal propensity to import?

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The import function or the import demand curve typically slopes downward due to the concept of the marginal propensity to import MPI which reflects ho...View the full answer

Principles Of Economics

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