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-Assume That Figure 4-16 Shows the Supply of Soda

Question 18

Multiple Choice

-Assume that Figure 4-16 shows the supply of soda.An increase in the price of syrup used in the production of soda will shift supply from A) S<sub>1</sub> to S<sub>2</sub>. B) S<sub>2</sub> to S<sub>1</sub>. C) S<sub>2</sub> to S<sub>3</sub>. D) S<sub>1</sub> to S<sub>3</sub>.
-Assume that Figure 4-16 shows the supply of soda.An increase in the price of syrup used in the production of soda will shift supply from


A) S1 to S2.
B) S2 to S1.
C) S2 to S3.
D) S1 to S3.

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