Asked by Khalifa Al Romaithi on Apr 29, 2024
Verified
When a relevant variable that is not named on either axis changes,
A) there will be a movement along the curve.
B) the curve will rotate clockwise.
C) the curve will be unaffected since only the variables on the axis affect the curve.
D) the curve will shift.
Curve Shift
A change in the position of a graph curve, indicating a change in the relationship between two variables in economics, like supply or demand shifts.
Movement Along
Refers to the movement along a demand or supply curve, representing a change in the quantity demanded or supplied in response to a change in price.
- Investigate the adjustments and motions occurring on the production possibilities frontier and deduce their significance.
Verified Answer
ME
Madison ElmoreMay 03, 2024
Final Answer :
D
Explanation :
When a relevant variable not named on the axes changes, it affects the entire relationship represented by the curve, leading to a shift of the curve, rather than a movement along the curve or a rotation. This is because the change in the external variable alters the conditions under which the curve was originally drawn.
Learning Objectives
- Investigate the adjustments and motions occurring on the production possibilities frontier and deduce their significance.
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