A Fall in the Price of Raw Milk (Which Is

question 143

Multiple Choice

A fall in the price of raw milk (which is used in the production of ice cream) will

• A)decrease the supply of ice cream,causing the supply curve of ice cream to shift to the left.
• B)increase the supply of ice cream,causing the supply curve of ice cream to shift to the right.
• C)decrease the supply of ice cream,causing the supply curve to shift to the right.
• D)have no effect on the supply curve of ice cream but cause a downward movement along the supply curve of ice cream.
• E)increase the supply of ice cream,causing the supply curve to shift to the left.