Economics Today (19th Edition)
Economics Today (19th Edition)
19th Edition
ISBN: 9780134478777
Author: Roger LeRoy Miller
Publisher: PEARSON
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Chapter 3, Problem 13P
To determine

Assume that the cost of aluminum used by soft drink companies increases. Which of the following correctly describes the resulting effects in the market for soft drinks distribute in aluminum cans? (More than one statement may be correct).

a) The demand for soft drinks decreases.

b) The quantity of soft drinks demanded decreases.

c) The supply of soft drinks decreases.

d) The quantity of soft drinks supplied decreases.

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