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

Question 465

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) a decrease in income B) an increase in the relative price of a soft drink C) a decrease in the relative price of a soft drink D) a decrease in the price of bottled water
-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) a decrease in income
B) an increase in the relative price of a soft drink
C) a decrease in the relative price of a soft drink
D) a decrease in the price of bottled water

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