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