Refer to Figure 4-10. Which of the following movements would illustrate the effect of an increase in the incomes of parents with school-aged children on the market for Spanish lessons?

A) Point A to Point B
B) Point C to Point B
C) Point C to Point D
D) Point A to Point D

Question

Matthew Martone · Accepted Answer

Final Answer : D, Explanation :  An increase in the incomes of parents with school-aged children would likely increase the demand for Spanish lessons, as parents would have more disposable income to spend on educational activities for their children. This would be illustrated by a movement from Point A to Point D, indicating a shift to the right in the demand curve, showing an increase in demand at every price level.

Refer to Figure 4-10. Which of the following movements would illustrate the effect of an increase in the incomes of parents with school-aged children on the market for Spanish lessons?

A) Point A to Point B
B) Point C to Point B
C) Point C to Point D
D) Point A to Point D

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 4-10. Which of the following movements would illustrate the effect of an increase in the incomes of parents with school-aged children on the market for Spanish lessons?A) Point A to Point BB) Point C to Point BC) Point C to Point DD) Point A to Point D

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 4-10. Which of the following movements would illustrate the effect of an increase in the incomes of parents with school-aged children on the market for Spanish lessons?

A) Point A to Point B
B) Point C to Point B
C) Point C to Point D
D) Point A to Point D