Figure 3-7 -In Figure 3-7, Suppose D 1 and S 1 Indicate the Initial

The Answer of Figure 3-7 -In Figure 3-7, Suppose D 1 and S 1 Indicate the Initial

Figure 3-7 -In Figure 3-7, Suppose D 1 and S 1 Indicate the Initial

The Answer of Figure 3-7 -In Figure 3-7, Suppose D 1 and S 1 Indicate the Initial

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Figure 3-7 -In Figure 3-7, Suppose D₁ and S₁ Indicate the Initial

Question 258

Multiple Choice

Figure 3-7
-In Figure 3-7, suppose D₁ and S₁ indicate the initial conditions in the market for ice cream. Which of the following changes would tend to cause the shift from D₁ to D₂ in the market for ice cream?

A) a decrease in the price of sugar, an ingredient used to produce ice cream
B) an increase in the price of frozen yogurt, a substitute for ice cream
C) abnormally cold weather that decreased consumer desire for ice cream
D) an increase in the price of milk, an ingredient used to produce ice cream

Figure 3-7 -In Figure 3-7, Suppose D1 and S1 Indicate the Initial

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Figure 3-7 -In Figure 3-7, Suppose D₁ and S₁ Indicate the Initial

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