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 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 opportunity cost of soft drinks
D) An increase in the price of bottled water
Correct Answer:
Verified
Correct Answer:
Verified
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