ECO 211 HA3

ECO 211 HA3 - b If advertising of the new energy drinks has...

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Microeconomics 211 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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ECO 211 HA3 - b If advertising of the new energy drinks has...

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