Use this link to access approaite figure: http://www.youtube.com/watch?v=9hfcqvr
ID: 1252093 • Letter: U
Question
Use this link to access approaite figure: http://www.youtube.com/watch?v=9hfcqvrqLD0
This a multiple choice question, pick one answer (A-E)
Please explain why you pick an answer
12.
According to the figure above question 19, the shift from the left line to the right line could have been the result of
A)
a change in the slope.
B)
a change in a variable related to the price per PC and to the number of PCs purchased but not shown on the graph.
C)
a change in the price per PC.
D)
a change in either the price per PC or the number of PCs purchased.
E)
a change in a variable unrelated to the price per PC and to the number of PCs purchased but not shown on the graph.
12.
According to the figure above question 19, the shift from the left line to the right line could have been the result of
A)
a change in the slope.
B)
a change in a variable related to the price per PC and to the number of PCs purchased but not shown on the graph.
C)
a change in the price per PC.
D)
a change in either the price per PC or the number of PCs purchased.
E)
a change in a variable unrelated to the price per PC and to the number of PCs purchased but not shown on the graph.
Explanation / Answer
Answer is B Demand for pcs on a whole had increased for every price range. Perhaps it's a better quality of PCS, or a complementary good has entered the market.
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