In Figure 10

question 114

Multiple Choice

In Figure 10.1,which of the following could cause a shift from AD₀ to AD₁,ceteris paribus?

• A)A decrease in investment.
• B)An increase in exports.
• C)An increase in consumer confidence.
• D)An increase in consumption.

---

Definitions:

Product Differentiation

The approach of making a product or service stand out from the competition to appeal more to a specific target audience.

Advertising Extent

The scope or range of advertising efforts, including the diversity of mediums used and the breadth of target audiences reached.

Oligopoly

describes a market structure in which a few firms dominate the industry, influencing price and production levels.

Competitive Market

A market structure characterized by a large number of sellers and buyers, where no single entity has significant power to influence prices or market conditions.