Exhibit 6-29
-Which graph in Exhibit 6-29 shows the effect of a decrease in the price of clothing, other things constant?
A) Graph a
B) Graph b
C) Graph c
D) Graph d
E) Graph e

Question

Exhibit 6-29 
-Which graph in Exhibit 6-29 shows the effect of a decrease in the price of clothing, other things constant?
A) Graph a 
B) Graph b 
C) Graph c 
D) Graph d 
E) Graph e

Quizplus · Accepted Answer

Graph b shows a downward shift in the demand curve due to a decrease in price, leading to an increase in quantity demanded. This is because a lower price for clothing makes it more affordable, increasing the willingness and ability of people to buy more of it.

Exhibit 6-29 -Which Graph in Exhibit 6-29 Shows the Effect of a Effect