Exhibit 1-15
-Refer to Exhibit 1-13. The reason that Line (a) would shift to the position of Line (b) is
A)a change in quantity
B)a change in price
C)a change in an assumption about the relationship between the two variables observed
D)a change from a positive relation to a negative relation
E)a change from a negative relation to a positive relation

Question

Exhibit 1-15  
-Refer to Exhibit 1-13. The reason that Line (a) would shift to the position of Line (b) is
A)a change in quantity 
B)a change in price 
C)a change in an assumption about the relationship between the two variables observed 
D)a change from a positive relation to a negative relation 
E)a change from a negative relation to a positive relation

Quizplus · Accepted Answer

A shift from Line (a) to Line (b) indicates a change in the underlying assumption about the relationship between the two variables, rather than a change in quantity or price, which would move along the line.