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Panel (e) Panel (d) Panel (a) Panel (b) 0 D, ㄢ There are four graphs and four market scenarios, each of which would cause either a shift in the supply or demand for Pepsi. Match each scenario to the appropriate diagram. Question A decrease in the supply of Coke. A drop in average household income in the US from $42,000 to $41,000. 4. Panel B. An improvement in soft drink bottling technology. An increase in the price of sugar Selected Match 1. Panel C. 3. Panel A 2. Panel D.

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A decrease in the supply of Coke - panel C (increase in demand for Pepsi)

A drop in average household income in the US from $ 42000 to $ 41000 - panel D (decrease in demand for Pepsi)

An improvement in soft drink bottling technology - panel A (increase in supply of Pepsi)

An increase in the price of sugar - panel B (decrease in supply of Pepsi)

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