Possible Answers:
-there will be a surplus of soft drinks.
-the supply curve of soft drinks will shift leftward.
-there will be a shortage of soft drinks.
-the demand curve for soft drinks will shift leftward.
2007-01-16 13:26:47 · 6 answers · asked by Anonymous in Social Science ➔ Economics
Surplus
2007-01-16 13:30:21 · answer #1 · answered by JAN 7 · 0⤊ 1⤋
2 or 4
2007-01-16 13:29:22 · answer #2 · answered by Jessica B 3 · 0⤊ 1⤋
There will be a surplus of soft drinks. Since the current price is higher than equilibrium price the quantity demanded will be less than the quantity supplied.
2007-01-16 13:37:47 · answer #3 · answered by Peter M 2 · 0⤊ 0⤋
There will be a surplus of soft drinks
Price above equilibrium creates a producer surplus and the market will either regulate to that point, or the producer will be forced to lower their price back to equilibrium level
2007-01-16 13:31:19 · answer #4 · answered by auequine 4 · 0⤊ 1⤋
the demand curve for soft drinks will shift leftward.
2007-01-16 13:30:45 · answer #5 · answered by Jason 5 · 0⤊ 1⤋
there will be a surplus.....
yes that is my final answer!
2007-01-16 13:34:30 · answer #6 · answered by bunnicula 4 · 0⤊ 0⤋