ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Assume taxes are zero and an economy has a consumption function of C = 0.81 (Yd) + $707.13. By how much will consumption change if disposable income in the economy changes by -447? Round your answer to two digits after the decimal and be sure to provide a negative sign if consumption decreases.
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