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A Soft Drink Company Is Interested in Seeing How the Demand

Question 40

Multiple Choice

A soft drink company is interested in seeing how the demand for its products is affected by price.The company believes that the quantity, q, of soft drinks sold depends on p1p _ { 1 } , the average price of the company's soft drinks, and p2p _ { 2 } , the average price of competing soft drinks.Which of the graphs below is most likely to represent q as a function of p1p _ { 1 } and p2p _ { 2 } ?


A)  A soft drink company is interested in seeing how the demand for its products is affected by price.The company believes that the quantity, q, of soft drinks sold depends on  p _ { 1 }  , the average price of the company's soft drinks, and  p _ { 2 }  , the average price of competing soft drinks.Which of the graphs below is most likely to represent q as a function of  p _ { 1 }  and  p _ { 2 }  ? A)    B)    C)    D)
B)  A soft drink company is interested in seeing how the demand for its products is affected by price.The company believes that the quantity, q, of soft drinks sold depends on  p _ { 1 }  , the average price of the company's soft drinks, and  p _ { 2 }  , the average price of competing soft drinks.Which of the graphs below is most likely to represent q as a function of  p _ { 1 }  and  p _ { 2 }  ? A)    B)    C)    D)
C)  A soft drink company is interested in seeing how the demand for its products is affected by price.The company believes that the quantity, q, of soft drinks sold depends on  p _ { 1 }  , the average price of the company's soft drinks, and  p _ { 2 }  , the average price of competing soft drinks.Which of the graphs below is most likely to represent q as a function of  p _ { 1 }  and  p _ { 2 }  ? A)    B)    C)    D)
D)  A soft drink company is interested in seeing how the demand for its products is affected by price.The company believes that the quantity, q, of soft drinks sold depends on  p _ { 1 }  , the average price of the company's soft drinks, and  p _ { 2 }  , the average price of competing soft drinks.Which of the graphs below is most likely to represent q as a function of  p _ { 1 }  and  p _ { 2 }  ? A)    B)    C)    D)

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