Multiple Choice
-Consider the demand curves for soft drinks shown in the figure above. Suppose the economy is at point a. Which of the following could result in a movement to point c?
A) an increase in the relative price of a soft drink
B) a decrease in the relative price of a soft drink
C) a decrease in the price of bottled water
D) a decrease in income
Correct Answer:
Verified
Correct Answer:
Verified
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