In the figure above,if price INCREASES from $60 to $80,an arrow representing the PRICE effect
A)will point upward.
B)will point downward.
C)will be longer than (and in opposite direction of)the arrow representing the quantity effect.
D)will be shorter than (and in the opposite direction of)the arrow representing the quantity effect.
E)both a and d

Question

In the figure above,if price INCREASES from $60 to $80,an arrow representing the PRICE effect
A)will point upward. 
B)will point downward. 
C)will be longer than (and in opposite direction of)the arrow representing the quantity effect. 
D)will be shorter than (and in the opposite direction of)the arrow representing the quantity effect. 
E)both a and d

Quizplus · Accepted Answer

The Answer of  In the figure above,if price INCREASES from $60 to $80,an arrow representing the PRICE effect
A)will point upward. 
B)will point downward. 
C)will be longer than (and in opposite direction of)the arrow representing the quantity effect. 
D)will be shorter than (and in the opposite direction of)the arrow representing the quantity effect. 
E)both a and d

In the Figure Above,if Price INCREASES from $60 to $80,an