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Suppose Consumption Is $60,000 When Income Is $90,000 and the MPS

Question 143

Multiple Choice

Suppose consumption is $60,000 when income is $90,000 and the MPS equals 0.25. When income increases to $100,000, consumption is

A) $90,250.
B) $85,000.
C) $70,000.
D) $67,500.

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