Below are four supply curve diagrams, each of which represents a change in supply or a change in quantity supplied. S2 B A b........ Quantity Supplied 2 Quantity Supplied Quantity Supplied Quantity Supplied Match each scenario with the appropriate diagram. a. To take advantage of high prices for snow shovels during a snowy winter, Alexander Shovels, Inc., decides to increase output. b. The success of Pepsi's LIFEWTR and Coke's smartwater leads more firms to begin producing premium bottled water. c. In the six months following the Japanese earthquake and tsunami in 2011, production of automobiles in Japan declined by 20 percent. Price Price

Below are four supply curve diagrams, each of which represents a change in supply or a change in quantity supplied. S2 B A b........ Quantity Supplied 2 Quantity Supplied Quantity Supplied Quantity Supplied Match each scenario with the appropriate diagram. a. To take advantage of high prices for snow shovels during a snowy winter, Alexander Shovels, Inc., decides to increase output. b. The success of Pepsi's LIFEWTR and Coke's smartwater leads more firms to begin producing premium bottled water. c. In the six months following the Japanese earthquake and tsunami in 2011, production of automobiles in Japan declined by 20 percent. Price Price

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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