The slope of a consumption function in an economy is 0.6. Suppose tax increases from Ksh. 100
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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?
Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
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