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Glossary
Knowledge Check - Scenario 10

For the following scenario in the soft drinks market, answer the related question using the graphs below.


Scenario 10: Producers adopt new soft drinks bottling technology.

1. Based on Scenario 10, which graph illustrates the change in the soft drinks market?

Graph 1

Graph 2

Graph 3

Graph 4

2. Based on Scenario 10, the supply curve for soft drinks

shifts to the right.

shifts to the left.

does not shift.

3. Based on Scenario 10, the demand curve for soft drinks

shifts to the right.

shifts to the left.

does not shift.

4. Based on Scenario 10, the equilibrium price of soft drinks

increases.

decreases.

5. Based on Scenario 10, the equilibrium quantity of soft drinks

increases.

decreases.