The possible reason for the movement from point A to point B on the figure below is changing ___.

Question

BlackTom AI · Accepted Answer

To approach this question, I’ll evaluate what each factor would typically affect on a demand or supply diagram and compare with the movement shown from A to B.
Option 1: consumer income. A change in consumer income usually shifts the demand curve entirely either to the right or to the left, indicating a change in quantity demanded at every price level, not merely a movement along a single curve from A to B. The diagram’s movement appears as a shift that could reflect a change in one determinant, but income changes tend to affect purchasing power broadly rather than producing the specific point-to-point movement shown here.
Option 2: customer tastes and/or preferences. A shift due to tastes would similarly reposition the entire demand or supply curve. While a change in preferences can move equilibrium, the diagram’s labeled points A and B and the curved path suggest movement along a constraint or feasible combination rather than a pure reorientation of tastes. This makes it a less likely single cause for the A-to-B transition in this context.
Option 3: the price of complements and/or substitutes. This factor alters the relative attractiveness of goods that are linked to each other. A change in the price of a related good (complement or substitute) can cause a shift in the demand for the good in question, or alter the supply side depending on market structure, often leading to a reallocation that aligns with a change from point A to B on a diagram like the one shown. Given the typical representation, this is a plausible cause for the A→B move.
Option 4: the price of the product. A change in the product’s own price generally causes movement along the same demand curve (a change in quantity demanded) rather than shifting from one equilibrium point to another in a way that would be labeled as a distinct A to B movement across fixed curves. In most standard graphs, a price change would create a movement along a single curve, not a shift to a new intersection point between two curves.
Thus, evaluating the options, the factor most consistent with a change that moves the system from A to B on this type of diagram is the price of complements and/or substitutes, since that kind of cross-price effect can alter the relative demand or supply leading to a new equilibrium point.
Note: The option labeled in your data as the correct answer matches this interpretation, emphasizing the role of related prices in driving the A→B movement.

ECON 2002.01 AU2025 (21333) Final Exam- Requires Respondus LockDown Browser

The possible reason for the movement from point A to point B on the figure below is changing ___.

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ECON 2002.01 AU2025 (21333) Final Exam- Requires Respondus LockDown Browser

The possible reason for the movement from point A to point B on the figure below is changing ___.

View Explanation

Log in for full answers

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