Exhibit 1A-10 Multi-curve graph
-Exhibit 1A-10 represents a three-variable relationship. As the annual income of consumers rises from $20,000 (line A) to $40,000 (line B), the result is a:
A) rightward movement along each curve.
B) leftward movement along each curve.
C) leftward shift in curve B to curve A.
D) leftward shift in curve A to curve B.

Question

Exhibit 1A-10 Multi-curve graph 
-Exhibit 1A-10 represents a three-variable relationship. As the annual income of consumers rises from $20,000 (line A) to $40,000 (line B), the result is a:
A) rightward movement along each curve. 
B) leftward movement along each curve. 
C) leftward shift in curve B to curve A. 
D) leftward shift in curve A to curve B.

Quizplus · Accepted Answer

As income increases from $20,000 to $40,000, the demand curve shifts to the right, indicating an increase in demand at each price level. Therefore, curve A shifts to curve B.

Exhibit 1A-10 Multi-Curve Graph