-Consider the demand curves for soft drinks shown in the figure above. Suppose the economy is at point a. Which of the following could result in a movement to point b?

Question

Quizplus · Accepted Answer

An increase in the price of bottled water could make soft drinks relatively cheaper, leading to an increase in demand for soft drinks and a movement along the demand curve from point a to point b.

-Consider the Demand Curves for Soft Drinks Shown in the Figure