Figure 3.2 Alt text for Figure 3.2: In figure 3.2, a graph of the effect of an increase in the price of a complement on demand curve.
Long description for Figure 3.2: The x-axis is labelled, Quantity, and y-axis is labelled, Price.Curve Demand, D1, is a straight line which slopes down from the top left corner to the bottom right corner.Curve D2 follows the same slope as curve D1, but is plotted to the right.2 points, A and B, are plotted in the middle of curve D1.A right pointing arrow indicates the change from curve D1 to curve D2.
-Refer to Figure 3.2.An increase in the price of the product would be represented by a movement from

Question

Figure 3.2

Alt text for Figure 3.2: In figure 3.2, a graph of the effect of an increase in the price of a complement on demand curve.
Long description for Figure 3.2: The x-axis is labelled, Quantity, and y-axis is labelled, Price.Curve Demand, D1, is a straight line which slopes down from the top left corner to the bottom right corner.Curve D2 follows the same slope as curve D1, but is plotted to the right.2 points, A and B, are plotted in the middle of curve D1.A right pointing arrow indicates the change from curve D1 to curve D2.
-Refer to Figure 3.2.An increase in the price of the product would be represented by a movement from

Quizplus · Accepted Answer

An increase in the price of a product results in a movement up along the demand curve, from a lower point to a higher point, which is represented by moving from point B to point A on the curve.

Figure 32 Alt Text for Figure 3