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-In Figure 11.1, an increase in the marginal propensity to consume is represented by a change in the consumption function from
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Equilibrium
In economics, a state where market supply and demand balance each other, and as a result, prices become stable.
Coconuts
Tropical fruits or the hard-shelled seeds of the coconut palm, often used metaphorically in economics and game theory to represent tradable resources.
Civic Authorities
Government officials or bodies responsible for governing a city or town, and managing local services and regulations.
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