From 1970 to 1993,the Real Price of Eggs Decreased and the Total

question 78

Multiple Choice

From 1970 to 1993,the real price of eggs decreased and the total annual consumption of eggs decreased.Which of the following would cause an unambiguous decrease in the real price of eggs and an unambiguous decrease in the quantity of eggs consumed?

• A)A shift to the right in the supply curve for eggs and a shift to the right in the demand curve for eggs.
• B)A shift to the left in the supply curve for eggs and a shift to the right in the demand curve for eggs.
• C)A shift to the left in the supply curve for eggs and a shift to the left in the demand curve for eggs.
• D)none of the above

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Definitions:

Demographic Transition

The transformation of a population from high birth and death rates to low birth and death rates, typically associated with industrial and economic development.

Birthrates

The annual count of live births for every thousand people in a population.

Death Rates

The number of deaths in a particular population, scaled to the size of that population, per unit of time.

Demographic Characteristics

The statistical aspects of a population being analyzed or reviewed, such as age, sex, income, education level, and marital status.