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QUESTION 5 Suppose the equilibrium price for soft drinks is $1.00. If the current price in the soft drink market is $1.25 each, O A. there will be a surplus of soft drinks. B. there will be a shortage of soft drinks. C. the supply curve of soft drinks will shift leftward. O D. the demand curve for soft drinks will shift leftward

QUESTION 5 Suppose the equilibrium price for soft drinks is $1.00. If the current price in the soft drink market is $1.25 each, O A. there will be a surplus of soft drinks. B. there will be a shortage of soft drinks. C. the supply curve of soft drinks will shift leftward. O D. the demand curve for soft drinks will shift leftward

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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D. has no effect on either its demand or its supply. QUESTION 5 Suppose the equilibrium price for soft drinks is $1.00. If the current price in the soft drink market is $1.25 each, O A. there willl be a surplus of soft drinks. B. there will be a shortage of soft drinks. O C. the supply curve of soft drinks will shift leftward. D. the demand curve for soft drinks will shift leftward QUESTION 6 If the price of product X falls and this change increases the demand for product Y, then O A.X and Y are complements B. X and Yare substitutes. OC.Xis an inferior good. OD. Y is an inferior good.
Transcribed Image Text:D. has no effect on either its demand or its supply. QUESTION 5 Suppose the equilibrium price for soft drinks is $1.00. If the current price in the soft drink market is $1.25 each, O A. there willl be a surplus of soft drinks. B. there will be a shortage of soft drinks. O C. the supply curve of soft drinks will shift leftward. D. the demand curve for soft drinks will shift leftward QUESTION 6 If the price of product X falls and this change increases the demand for product Y, then O A.X and Y are complements B. X and Yare substitutes. OC.Xis an inferior good. OD. Y is an inferior good.
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