Exhibit 6-29 Which graph in Exhibit 6-29 shows the effect of an increase in the price of clothing, other things constant?
A)Graph a
B)Graph b
C)Graph c
D)Graph d
E)Graph e

Question

Exhibit 6-29  Which graph in Exhibit 6-29 shows the effect of an increase in the price of clothing, other things constant?
A)Graph a 
B)Graph b 
C)Graph c 
D)Graph d 
E)Graph e

Quizplus · Accepted Answer

Graph a shows a decrease in the quantity demanded of clothing, indicating that an increase in price has a negative effect on demand, other things constant.

Exhibit 6-29 Which Graph in Exhibit 6-29 Shows the Effect