Price (dollars per can) 2.50 2.00 1.50 1.00 0.50 0 D 3 4 Quantity (cans of soda per day) The graph illustrates the demand curve for soda. After a rise in the price of a soda from $1.00 a can to $2.00 a can, the quantity of soda demanded A) decreases from 2 cans to 0 cans a day. B) increases from O cans to 2 cans a day. C) remains unchanged. D) decreases from 1 can to 0 cans a day. О E) cannot be determined from the figure because the demand curve will shift to a new curve.

Price (dollars per can) 2.50 2.00 1.50 1.00 0.50 0 D 3 4 Quantity (cans of soda per day) The graph illustrates the demand curve for soda. After a rise in the price of a soda from $1.00 a can to $2.00 a can, the quantity of soda demanded A) decreases from 2 cans to 0 cans a day. B) increases from O cans to 2 cans a day. C) remains unchanged. D) decreases from 1 can to 0 cans a day. О E) cannot be determined from the figure because the demand curve will shift to a new curve.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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