Exhibit 1-4
-According to the curve in Exhibit 1-4,if P increases from $10 to $14,Q
A)stays the same
B)Q increases from 6 to 8
C)Q increases from 6 to 10
D)Q decreases from 6 to 2
E)Q decreases from 6 to 0

Question

Exhibit 1-4 
-According to the curve in Exhibit 1-4,if P increases from $10 to $14,Q
A)stays the same 
B)Q increases from 6 to 8 
C)Q increases from 6 to 10 
D)Q decreases from 6 to 2 
E)Q decreases from 6 to 0

Quizplus · Accepted Answer

If the curve in Exhibit 1-4 is a typical demand curve, an increase in price from $10 to $14 would lead to a decrease in quantity demanded, which is reflected in option D where Q decreases from 6 to 2.

Exhibit 1-4 -According to the Curve in Exhibit 1-4,if P Increases from P