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

---

Definitions:

Time of Attachment

The specific moment at which an interest in property becomes legally enforceable against other parties.

Amount of the Claim

The total sum of money that is being requested or is due in a billing or legal claim.

Custom in the Trade

Established practices and standards widely recognized and accepted within a particular industry.

Judicial Remedy

Legal means through which a court enforces a right, imposes a penalty, or makes another court order to impose its will.