17 18 37 38 39 42 Table 4-5 The table below shows the quantities demanded of cas

Question

17 18 37 38 39 42 Table 4-5 The table below shows the quantities demanded of cases of Mt. Dew per month by four familles at various prices. ce of Case of The AdamsThe Jones r. Dew e SmithThe Williams amily amily 15 12 Family 14 10 amily 12 10 Refer to Table 4-5. Which of the following could cause all four familes to demand more Mt. Dew at all prices? a. All four family incomes increase, and Mt. Dew is a normal good. b A major university study reveals that drinking Mt. Dew can cause diabetes c. The price of sugar decreases. C d. The technology for bottling carbonated beverages improves. QUESTION 27

Explanation / Answer

Answer : The correct option is

A). All four family incomes increase and Mt. Dew is a normal good.

It is perceived that from the table, for every $1 decrease in price of Mt. Dew, demands from Adams family increases by 1 unit , by John's family increases by three units, by Smith's family increases by two units , and by Williams family increases four units .

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