Multiple Choice
-The above figure shows the market for french fries at fast food joints. If the price of potatoes rises and simultaneously people become concerned that french fries can cause heart attacks the
A) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries does not shift.
B) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries shifts from S2 to S1.
C) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries shifts from S1 to S2.
D) demand curve for french fries does not shift, and the supply curve of french fries shifts from S1 to S2.
Correct Answer:
Verified
Correct Answer:
Verified
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