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Exhibit 3-5 Supply for Tucker's Cola Data

Question 7

Multiple Choice

Exhibit 3-5 Supply for Tucker's Cola Data

Quantity supplied per week
(millions of gallons)

Price per
gallon

6

$3.00

5

  2.50

4

  2.00

3

  1.50

2

  1.00

1

    .50

In reference to Exhibit 3-5, assume the price of Tucker's Cola is $1.00 per gallon. If the price were to rise to $3.00 per gallon, and all other factors, such as taxes, etc. remained constant, the result would be a(n) :


A) decrease in supply.
B) increase in supply.
C) decrease in quantity supplied.
D) increase in quantity supplied.

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