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Price (dollars per can) 2.50 2.00 1.50 1.00 0.50 0 D 3 4 Quantity (cans of soda per day) The graph illustrates the demand curve for soda. After a rise in the price of a soda from $1.00 a can to $2.00 a can, the quantity of soda demanded A) decreases from 2 cans to 0 cans a day. B) increases from O cans to 2 cans a day. C) remains unchanged. D) decreases from 1 can to 0 cans a day. О E) cannot be determined from the figure because the demand curve will shift to a new curve.

Price (dollars per can) 2.50 2.00 1.50 1.00 0.50 0 D 3 4 Quantity (cans of soda per day) The graph illustrates the demand curve for soda. After a rise in the price of a soda from $1.00 a can to $2.00 a can, the quantity of soda demanded A) decreases from 2 cans to 0 cans a day. B) increases from O cans to 2 cans a day. C) remains unchanged. D) decreases from 1 can to 0 cans a day. О E) cannot be determined from the figure because the demand curve will shift to a new curve.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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Price (dollars per can) 2.50 2.00 1.50 1.00 0.50 0 D 3 4 Quantity (cans of soda per day) The graph illustrates the demand curve for soda. After a rise in the price of a soda from $1.00 a can to $2.00 a can, the quantity of soda demanded A) decreases from 2 cans to 0 cans a day. B) increases from O cans to 2 cans a day. C) remains unchanged. D) decreases from 1 can to 0 cans a day. О E) cannot be determined from the figure because the demand curve will shift to a new curve.
Transcribed Image Text:Price (dollars per can) 2.50 2.00 1.50 1.00 0.50 0 D 3 4 Quantity (cans of soda per day) The graph illustrates the demand curve for soda. After a rise in the price of a soda from $1.00 a can to $2.00 a can, the quantity of soda demanded A) decreases from 2 cans to 0 cans a day. B) increases from O cans to 2 cans a day. C) remains unchanged. D) decreases from 1 can to 0 cans a day. О E) cannot be determined from the figure because the demand curve will shift to a new curve.
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