Multiple Choice
A decrease in the price of milk (and ingredient of ice cream)
Will result in a(n)
:
A) shift of the supply curve of ice cream to the left.
B) shift of the supply curve of ice cream to the right.
C) lower price of ice cream, and thus an increase in the demand for ice cream.
D) increase in the demand for ice cream and a decrease in the supply of milk.
Correct Answer:
Verified
Correct Answer:
Verified
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