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Economics

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1. Following are four graphs and four market scenarios, each of which would cause either a movement along the supply curve for Pepsi or a shift of the supply curve. Match each scenario with the appropriate graph. a. A decrease in the supply of Coke. (5 points) b. A drop in the average household income in the United States from $52,000 to $50,000. (5 points) c. An improvement in soft drink bottling technology. (5 points) d. An increase in the prices of sugar and high-fructose corn syrup. (5 points)