Exhibit 4-8 Demand and Supply Curves

question 29

Multiple Choice

Exhibit 4-8 Demand and supply curves
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-In Exhibit 4-8, a movement from A to B is best explained by:

• A) an increase in income and in the number of suppliers.
• B) an increase in the price of other goods.
• C) an increase in the population.
• D) a decrease in income and an improvement in the technology used to produce the good.
• E) equilibrium quantity increases and the equilibrium price change is indeterminate.

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Definitions:

Influence Tactic

Methods or strategies used by individuals or groups to alter or control the behavior or attitudes of others.

Political Power

The capacity or ability of an individual or group to influence the actions, beliefs, or conduct of others within a political context.

Norms

Established standards of behavior or guidelines that are considered normal, appropriate, or acceptable within a group or society.

Soft Influence Tactics

Strategies used to persuade or influence others in a non-coercive way, such as through personal appeal or logical argument.