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-In Figure 11

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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
-In Figure 11.1, an increase in the marginal propensity to consume is represented by a change in the consumption function from
  -In Figure 11.1, an increase in the marginal propensity to consume is represented by a change in the consumption function from


Definitions:

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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