Refer to the Above Graph, Which Shows the Market for Chicken

question 188

Multiple Choice

Refer to the above graph, which shows the market for chicken where D₁ and D₂ represent different demand curves.A change from E₁ to E₂ is most likely to result from:

• A)an increase in expectations of higher future prices for chicken.
• B)an increase in the cost of chicken feed to produce chickens.
• C)a decrease in the price of beef products.
• D)an increase in consumer incomes.

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