Figure 4-7 -Refer to the Figure 4-7.What Would Cause the Movement from Cause

question 124

Multiple Choice

Figure 4-7

-Refer to the Figure 4-7.What would cause the movement from point A to point B on the graph?

• A)an increase in price
• B)a decrease in price
• C)a decrease in the price of a substitute good
• D)an increase in income

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Definitions:

Standardization

The making of identical interchangeable components or products.

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Manufacturers

Entities engaged in the conversion of raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.