The Figure Given Below Represents the Consumption Function of a Country

question 108

Multiple Choice

The figure given below represents the consumption function of a country.
Figure 9.3

-According to Figure 9.3, autonomous consumption equals:

• A) -$200.
• B) $0.
• C) $100.
• D) $200.
• E) $400.

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Definitions:

Implied Warranty of Merchantability

A legal assumption that the goods sold meet certain quality standards, including that they are reasonably fit for their ordinary purpose.

Express Warranty

An explicit promise or assurance made by a seller about the condition, functionality, or quality of a product.

Sales Transaction

The process of exchanging a good or service for payment between a buyer and a seller.

Implied Warranty

A legal assumption that a product will meet basic standards of quality and functionality, even if not expressly stated.