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Suppose Consumer Tastes and Preferences Shift from Pizza to Tacos

Question 100

Multiple Choice

Suppose consumer tastes and preferences shift from pizza to tacos. In the short run case, these changing tastes will result in pizza restaurants ________ pizza prices and taco restaurants ________ taco prices.


A) increasing; decreasing
B) decreasing; increasing
C) decreasing; decreasing
D) increasing; increasing

Correct Answer:

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