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ECO 210 Chp 3 HA 3

ECO 210 Chp 3 HA 3 - b If advertising of the new energy...

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Macroeconomics 210 Chapter 3: Where Prices Come From: The Interaction of Demand and Supply HA 3 (pg. 94 PAA #1.5, 1.6; pg. 97 PAA #4.3, 4.5) 1.5) a) substitute b) complements c) complements d) unrelated 1.6) a) Without considering advertising, the entry of new energy drinks shift the demand curve for Red Bull to the left.
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Unformatted text preview: b) If advertising of the new energy drinks has increased consumers’ taste for energy drinks in general, then the advertising could shift the demand curve for Red Bull to the right because consumer tastes influence market demand. 4.3) 4.5) MARKET FOR WATERMELON...
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