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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Question
question 7 and 8 please
![Figure
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.
OC. 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc3e671be-5699-41c7-ad14-09ef8165fba8%2F71a079db-92c1-4a79-a908-22e03924fb95%2F7ncqvqg_processed.png&w=3840&q=75)
Transcribed Image Text:Figure
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.
OC. 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
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