QUANTITY Refer to Figure. Assume that the above market is for plastic water bottles. Which of the following situations would cause the supply curve for water bottles to shift from S' to S? O a. An increase in income of the current and potential buyers of those bottles. O b. An increase in the price of those bottles. O C. An increase in the price of plastics used to make those bottles, O d. A decrease in the price of plastics used to make those bottles. QUESTION 8 In a perfectly competitive market a single buyer O a. can negotiate the prices if they purchase a large quantity. O b. have only option (seller) from where they can buy the product. O C. cannot influence the price at which he/she would purchase the product. O d. can influence the price at this he/she would purchase the product. PRICE

QUANTITY Refer to Figure. Assume that the above market is for plastic water bottles. Which of the following situations would cause the supply curve for water bottles to shift from S' to S? O a. An increase in income of the current and potential buyers of those bottles. O b. An increase in the price of those bottles. O C. An increase in the price of plastics used to make those bottles, O d. A decrease in the price of plastics used to make those bottles. QUESTION 8 In a perfectly competitive market a single buyer O a. can negotiate the prices if they purchase a large quantity. O b. have only option (seller) from where they can buy the product. O C. cannot influence the price at which he/she would purchase the product. O d. can influence the price at this he/she would purchase the product. PRICE

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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