FIGURE 12-6 -In Figure 12-6 Above, as the Two Diagonal Lines on Diagonal

question 266

Multiple Choice

FIGURE 12-6
-In Figure 12-6 above, as the two diagonal lines on a demand curve graph show a shift from left to right, it most likely represents

• A)an increase in demand that did not require an increase in price.
• B)an increase in demand that required an increase in price.
• C)no change in price and no change in demand.
• D)no change in demand or price but a greater profit due to economies of scale.
• E)increases from $.50 to $1.50 per unit.

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Definitions:

Square Root

A value that, when multiplied by itself, gives the original number; it is represented by √.

Directly Proportional

A relationship between two variables where they increase or decrease at the same rate.

Wind Speed

A measure of the velocity of air movement at a particular location over a specified period of time.

Directly Proportional

A relationship between two variables where their ratio is constant.