To Conduct a Partial Equilibrium Analysis of a Change in Consumer

question 172

Multiple Choice

To conduct a partial equilibrium analysis of a change in consumer preferences toward coffee and away from tea, you must consider

• A) changes in the equilibrium price and quantity of coffee.
• B) changes in the amount of resources allocated to the production of coffee.
• C) changes in the price of resources allocated to the production of coffee.
• D) all of the above