Exhibit 1A-9 Multi-curve graph
-Exhibit 1A-9 represents a three-variable relationship. As the annual income of consumers falls from $50,000 (line A) to $30,000 (line B), the result is a:
A) rightward movement along each curve.
B) leftward movement along each curve,.
C) leftward shift in curve A to curve B.
D) rightward shift in curve A to curve B.

Question

Exhibit 1A-9 Multi-curve graph 
-Exhibit 1A-9 represents a three-variable relationship. As the annual income of consumers falls from $50,000 (line A) to $30,000 (line B), the result is a:
A) rightward movement along each curve. 
B) leftward movement along each curve,. 
C) leftward shift in curve A to curve B. 
D) rightward shift in curve A to curve B.

Quizplus · Accepted Answer

A decrease in consumer income typically causes a leftward shift in the demand curve, indicating a decrease in demand at each price level.

Exhibit 1A-9 Multi-Curve Graph