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Author Question: Refer to the information provided in Figure 3.1 below to answer the question(s) that follow.Refer to ... (Read 12 times)

robinn137

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Refer to the information provided in Figure 3.1 below to answer the question(s) that follow.





Refer to Figure 3.1. Which of the following would be most likely to cause the demand for Dr. Pepper to shift from 
D
0 to 
D
1?


◦ a decrease in income, assuming that Dr. Pepper is a normal good
◦ an increase in the price of 7-UP, assuming 7-UP is a substitute for Dr. Pepper
◦ a decrease in the price of Dr. Pepper
◦ a reduction in the price of sugar used to make Dr. Pepper


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Marked as best answer by robinn137 on Apr 19, 2019

mcomstock09

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robinn137

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Reply 2 on: Apr 19, 2019
Excellent


cici

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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