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Suppose Saving Is $1,400 When Income Is $10,000 and the MPC

Question 193

Multiple Choice

Suppose saving is $1,400 when income is $10,000 and the MPC equals 0.8. When income increases to $12,000, saving is

A) $1,680.
B) $1,800.
C) $2,200.
D) $3,000.

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