Refer to the graph shown. The diagram demonstrates that an increase in the price of soda will:
A) raise the quantity demanded of soda.
B) reduce the quantity demanded of soda.
C) raise the quantity demanded of chocolate bars.
D) raise the consumer's available income.

Question

Refer to the graph shown.  The diagram demonstrates that an increase in the price of soda will:
A) raise the quantity demanded of soda. 
B) reduce the quantity demanded of soda. 
C) raise the quantity demanded of chocolate bars. 
D) raise the consumer's available income.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown.  The diagram demonstrates that an increase in the price of soda will:
A) raise the quantity demanded of soda. 
B) reduce the quantity demanded of soda. 
C) raise the quantity demanded of chocolate bars. 
D) raise the consumer's available income.

Refer to the Graph Shown