Which of the following changes in taxes would lead to the, Ask an Expert

Economics

Which of the following changes in taxes would lead to the greatest increase in consumption?

1. a $15000 decrease in taxes, if MPC = 0.6

2. a $20000 decrease in taxes, if MPC = 0.5

3. a $12000 decrease in taxes, if MPC = 0.75

4. a $30000 decrease in taxes, if MPC = 0.25

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91870078

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