Figure 4-1 -Refer to Figure 4-1.The Movement from Point a to Point

question 2

Multiple Choice

Figure 4-1
-Refer to Figure 4-1.The movement from point A to point B on the graph is caused by a(n)

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

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Definitions:

Volatility

A statistical measure of the dispersion of returns for a given security or market index, often associated with the level of risk involved.

Probability Range

A span of values within which a probable outcome is expected to occur, often expressed as a percentage.