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-Consider the Demand Curves for Soft Drinks Shown in the Figure

Question 139

Multiple Choice

-Consider the demand curves for soft drinks shown in the figure above. Suppose the economy is at point a. What of the following could result in a movement to point b? A) a decrease in the relative price of a soft drink B) a decrease in the price of bottled water C) an increase in the price of bottled water D) an increase in the opportunity cost of soft drinks
-Consider the demand curves for soft drinks shown in the figure above. Suppose the economy is at point a. What of the following could result in a movement to point b?


A) a decrease in the relative price of a soft drink
B) a decrease in the price of bottled water
C) an increase in the price of bottled water
D) an increase in the opportunity cost of soft drinks

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