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Following below are four graphs and four market scenarios, each of which would cause either a movement along the supply curve for premium bottled water
Following below are four graphs and four market scenarios, each of which would cause either a movement along the supply curve for premium bottled water or a shift of the supply curve. S1 S1 S2 S1 S1 S2 B A B Price B Price Price Price D1 D, 2 D1 D2 D1 Quantity Quantity Quantity Quantity 3 4 2 Match each scenario with the appropriate diagram. a. A decrease in the supply of sports drinks: b. A drop in the average household income in the United States from $56,000 to $52,000: c. An improvement in the bottling technology for premium bottled water: d. An increase in the prices of electrolytes used in premium bottled water
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