Refer to the Information Provided in Figure 3

question 76

Multiple Choice

Refer to the information provided in Figure 3.1 below to answer the question(s) that follow. Figure 3.1
-Refer to Figure 3.1. Which of the following would be most likely to cause the demand for Dr. Pepper to shift from D₀ to D₁?

• A) a decrease in income, assuming that Dr. Pepper is a normal good
• B) an increase in the price of 7-UP, assuming 7-UP is a substitute for Dr. Pepper
• C) a decrease in the price of Dr. Pepper
• D) a reduction in the price of sugar used to make Dr. Pepper

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Definitions:

Monitor

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Keyboard

An input device consisting of a set of individual keys that allows a user to enter data or commands into a computer or other electronic devices.

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A device that transfers text and images from a computer onto paper or other media.

Hardware

The physical components of a computer system, such as the CPU, memory, and input/output devices.