The following four graphs represent 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. Match each scenario with the appropriate graph. 1. 3. S₁ Price XXXX Quantity. a. Price 0 Price Quantity 0 D Price 4. Quantity 0 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 D₂ S Quantity

The following four graphs represent 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. Match each scenario with the appropriate graph. 1. 3. S₁ Price XXXX Quantity. a. Price 0 Price Quantity 0 D Price 4. Quantity 0 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 D₂ S Quantity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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