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Which of the following events could cause the movement shown in the graph?
an increase in population
an increase in the price of a complement
b. a decrease in the price of a substitute d a decrease in income
c.
a

Which of the following events could cause the movement shown in the graph an increase in population an increase in the price of a complement b a decrease in the class=

Respuesta :

ituserakwane539

Answer:

c.an increase in the price of a complement

Explanation:

if there was an increase in substitute, there would have been two graphs indicating which one has increased and which one has decreased ...

if there is an increase for complement such for an example a car,then the demand for petrol (gas) will increase also,complement goods influence each other directly ...if one decrease then the other also decreases...such as the example i gave on early (cars and petrol)

Baraq

From the available options, the event that could cause the movement shown in the graph is "an increase in population."

This is because an increase in population would lead to an increase in demand, as seen from the graph where demand for product X increases from 4,000 to 5,000.

However, with little or no increase in supply, this leads to an increment in the price of product X from $400 to $500.

Thus, under the same production level of commodity X, the higher the demand, the higher the price of commodity X.

Hence, in this case, it is concluded that the correct answer is option A. "an increase in population."

Learn more here: https://brainly.com/question/1121833

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