If the Price of Chicken Rises from $1

question 94

Multiple Choice

If the price of chicken rises from $1.25 per pound to $1.75 per pound, if the demand curve is consistent with the law of demand, then the quantity of chicken demanded would be predicted to go from

• A)100 pounds to 125 pounds per day.
• B)100 pounds to 75 pounds per day.
• C)100 pounds to 100 pounds per day, because the price of chicken does not affect the quantity demanded.
• D)100 pounds to 0 pounds per day, because consumers would stop purchasing chicken at a price above $1.25 per pound.

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