Figure 3-7 -In Figure 3-7, Suppose D₁ and S₁ Indicate the Initial

question 258

Multiple Choice

Figure 3-7
-In Figure 3-7, suppose D₁ and S₁ indicate the initial conditions in the market for ice cream. Which of the following changes would tend to cause the shift from D₁ to D₂ in the market for ice cream?

• A) a decrease in the price of sugar, an ingredient used to produce ice cream
• B) an increase in the price of frozen yogurt, a substitute for ice cream
• C) abnormally cold weather that decreased consumer desire for ice cream
• D) an increase in the price of milk, an ingredient used to produce ice cream

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