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Suppose Consumer Tastes and Preferences Shift from Tacos to Pizzas

Question 130

Multiple Choice

Suppose consumer tastes and preferences shift from tacos to pizzas. In the short run, 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

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