What happens in the graph when the price of bottled water rises? What happens when the price of flavored water( a subsistute in production for bottled water) rises? When the price of bottled water rises, _____. When the price of flavored water rises, ____.? A. There is a movement along the supply curve; the supply curve shifts rightward. B. The supply curve shifts leftward; there is a movement down along the supply curve. C. The supply curve shifts rightward; there is a movement up along the supply curve. D. there is a movement up along the supply curve; the supply curve shifts leftward.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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What happens in the graph when the price of bottled water rises? What happens when the price of flavored water( a subsistute in production for bottled water) rises? When the price of bottled water rises, _____. When the price of flavored water rises, ____.? A. There is a movement along the supply curve; the supply curve shifts rightward. B. The supply curve shifts leftward; there is a movement down along the supply curve. C. The supply curve shifts rightward; there is a movement up along the supply curve. D. there is a movement up along the supply curve; the supply curve shifts leftward.

D
A fall in the price of a
substitute in production,
Price (dollars per bottle)
2.50
2.00
1.50
1.00
0.50
0
7
8
Ș₁
Decrease
in supply
59
9 10 11 12 13
Quantity (millions of bottles per day)
Transcribed Image Text:D A fall in the price of a substitute in production, Price (dollars per bottle) 2.50 2.00 1.50 1.00 0.50 0 7 8 Ș₁ Decrease in supply 59 9 10 11 12 13 Quantity (millions of bottles per day)
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