If the Price of Ice Cream Decreases, Then the

question 91

Multiple Choice

If the price of ice cream decreases, then the

• A)quantity demanded for ice cream will increase.
• B)demand for ice cream will decrease.
• C)demand for ice cream will increase.
• D)quantity demanded for ice cream will decrease.
• E)supply of ice cream will decrease.

---

Definitions:

International Monetary Fund

An international organization that aims to foster global monetary cooperation, secure financial stability, and facilitate international trade.

Special Reserves

Funds or assets set aside for specific, often unforeseen, needs or requirements.

Floating Exchange Rates

A currency valuation system that allows the value of a currency to fluctuate according to the foreign exchange market.

Pesos

The currency used in several Latin American countries, including Mexico and Colombia, often symbolized by the "$" sign.