Figure 21-2 -Refer to Figure 21-2.Which of the Graphs in the Figure

question 15

Multiple Choice

Figure 21-2

-Refer to Figure 21-2.Which of the graphs in the figure reflects an increase in the price of good Y only

• A)graph (a)
• B)graph (b)
• C)graph (c)
• D)graph (d)

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Definitions:

Digital Cameras

Electronic devices that capture and store photographs in digital format, allowing for immediate viewing, digital storage, and manipulation.

Memory Cards

Portable electronic storage devices used for storing digital information in various electronic devices, such as cameras, phones, and computers.

Cross Elasticity of Demand

A measure of how the quantity demanded of one good changes in response to a price change in another good.

Substitutes

Goods or services that can replace each other in usage, offering alternative choices to consumers.