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Author Question: The figure above shows the market for sports drinks. Consider this statement: regarding the figure: ... (Read 50 times)

Metfan725

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The figure above shows the market for sports drinks. Consider this statement: regarding the figure:

"If the price falls from $3 to $1 per bottle, quantity demanded changes from 10 to 25 bottles."

Which of the following states the same idea ?
◦ A change in quantity demanded can be shown as a movement from point A to B.
◦ As demand changes from January to June, demand will increase from 10 to 25 bottles.
◦ If the price changes from $1 to $3, 15 more bottles are demanded.
◦ A change in demand from June to January decreases the demand for sports drinks.
◦ As the price of sports drinks falls, demand decreases.


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Marked as best answer by Metfan725 on May 24, 2019

14vl19

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Metfan725

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Reply 2 on: May 24, 2019
Wow, this really help


bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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