A Fall in the Price of Raw Milk (Which Is

question 42

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

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