-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 0 cans to 2 cans a day.
C) remains unchanged.
D) decreases from 1 can to 0 cans a day.
E) cannot be determined from the figure because the demand curve will shift to a new curve.

Question

-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 0 cans to 2 cans a day. 
C) remains unchanged. 
D) decreases from 1 can to 0 cans a day. 
E) cannot be determined from the figure because the demand curve will shift to a new curve.

Quizplus · Accepted Answer

The law of demand states that, all else being equal, as the price of a good increases, the quantity demanded of that good decreases. Therefore, if the price of soda increases from $1.00 to $2.00 a can, the quantity demanded will decrease, as illustrated in choice A.

-The Graph Illustrates the Demand Curve for Soda