Exhibit 1A-14

-Refer to the exhibit.Why would line a shift to the position of line b?
A) because of a change in quantity only
B) because of a change in price only
C) because of a change in an assumption about the relationship between the two variables observed
D) because of changes in both quantity and price

Question

Exhibit 1A-14
 
-Refer to the exhibit.Why would line a shift to the position of line b?  
A) because of a change in quantity only 
B) because of a change in price only 
C) because of a change in an assumption about the relationship between the two variables observed 
D) because of changes in both quantity and price

Quizplus · Accepted Answer

The shift of line A to the position of line B is due to a change in an assumption about the relationship between the two variables observed, as there has been no observable change in quantity or price. Therefore, the answer is C.

Exhibit 1A-14 -Refer to the Exhibit.Why Would Line a Shift to the a Shift