In the Diagrams Below, the Subscript "1" Refers to the Initial

question 268

Multiple Choice

In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.
Which diagram illustrates the effects on the peanut butter market, if severe flooding destroys a large
Portion of the peanut crop in the economy?

• A) A
• B) B
• C) C
• D) D

---

Definitions:

Kelley's Covariation Model

a psychological theory that explains how individuals attribute cause to behavior based on the consistency, distinctiveness, and consensus of the observed action.

Consensus

General agreement among a group of people or within a community.

Consistency

The principle of maintaining uniformity or stability in one's beliefs, attitudes, and behaviors over time or across situations.

Kelley's Covariation Model

This model proposes that people attribute behavior to factors that covary most closely with, or appear to cause, that behavior, considering consensus, distinctiveness, and consistency information.