Assume the Graph Shown Represents the Market for Button-Up Shirts

question 77

Multiple Choice

Assume the graph shown represents the market for button-up shirts and was originally in equilibrium with D and S. What type of shock might cause a shift from D to D₂?

• A) The price of buttons has increased.
• B) The price of ties went up.
• C) The price of sweatshirts went up.
• D) Income has increased.

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Definitions:

Proportional Difference

The comparison between two quantities or measurements in terms of their ratio or relative size.

Perceivable Difference

The smallest difference in stimulation that a person can detect 50% of the time.

Wavelength of Light Waves

The distance between consecutive peaks or troughs in a light wave, determining its color in the visible spectrum.

Amplitude of Light Waves

The height of a light wave, which determines the intensity or brightness of light.