The Figure Given Below Represents the Saving Function of an Economy

question 105

Multiple Choice

The figure given below represents the saving function of an economy.
Figure 9.1

-Refer to Figure 9.1. An increase in autonomous consumption would be illustrated by:

• A) an upward shift of the saving function.
• B) a downward shift of the saving function.
• C) a downward shift of the corresponding consumption function.
• D) a movement to the right along the saving function.
• E) a movement to the left along the saving function.

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Definitions:

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.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on non-price factors.

Regional Brands

Brands that are marketed and distributed within a specific geographic area and tailor their products or marketing to local preferences.