Following below are four graphs and four market scenarios, each of which would cause either a movement along the supply curve for premium bottled water or a shift of the supply curve. S₁ Q S₁ Q S2 B •D₁ Quantity Quantity 1 Quantity 2 3 Match each scenario with the appropriate diagram. a. A decrease in the supply of sports drinks: b. A drop in the average household income in the United States from $56,000 to $52,000: c. An improvement in the bottling technology for premium bottled water: d. An increase in the prices of electrolytes used in premium bottled water: ▼ S₁ D₁ D₁ D2 o Quantity 4 D2 D₁

Following below are four graphs and four market scenarios, each of which would cause either a movement along the supply curve for premium bottled water or a shift of the supply curve. S₁ Q S₁ Q S2 B •D₁ Quantity Quantity 1 Quantity 2 3 Match each scenario with the appropriate diagram. a. A decrease in the supply of sports drinks: b. A drop in the average household income in the United States from $56,000 to $52,000: c. An improvement in the bottling technology for premium bottled water: d. An increase in the prices of electrolytes used in premium bottled water: ▼ S₁ D₁ D₁ D2 o Quantity 4 D2 D₁

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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