-The Figure Above Shows Supply Curves for Soft Drinks

question 55

Multiple Choice

-The figure above shows supply curves for soft drinks. Suppose the economy is at point a. A movement to point c could be the result of

• A) an increase in the relative price of a soft drink.
• B) a decrease in technology.
• C) a decrease in the relative price of a soft drink.
• D) an increase in the money price of a soft drink.

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Definitions:

Miles Per Hour

A unit of speed expressing the number of miles traveled in one hour, commonly used in the United States and the UK.

Miles Apart

A figurative expression indicating a significant difference in opinions, positions, or offers.

November and December Sales

Refers to the revenue generated from the sale of goods or services during the months of November and December, often a significant period for retailers due to holiday shopping.

Department Store

A large retail store offering a wide range of products and brands under one roof, organized into departments for shopper convenience.