The Figure Given Below Shows the Consumption Functions of an Economy

question 44

Multiple Choice

The figure given below shows the consumption functions of an economy.
Figure 9.4

-Refer to Figure 9.4. Which of the following could explain a downward shift of the consumption function from C1 to C3?

• A) An increase in household wealth
• B) A decrease in the proportion of young people in the population
• C) An increase in the size of the population
• D) A decrease in consumer confidence
• E) An autonomous decrease in saving

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Definitions:

Slot Machine

A gambling device operated by inserting coins into a slot and pulling a handle or pushing a button to activate one to three or more reels marked into horizontal segments by varying symbols.

Banana Chips

Thinly sliced bananas that are dried, and often sweetened or honey-coated, serving as a snack.

Behavior

The actions, reactions, or functioning of an organism, typically in response to its environment or stimuli.

Salivate

The secretion of saliva from the salivary glands in the mouth, often triggered by the sight, smell, or thought of food.