Peggy's Twist Shack Sells Soft-Serve Ice Cream

question 151

Multiple Choice

Peggy's Twist Shack sells soft-serve ice cream.Peggy graphed the demand per week for vanilla ice cream cones.The graph indicates a demand schedule that slopes downward and to the right.This graph indicates that the quantity of vanilla ice cream cones demanded increases as:

• A) cost increases
• B) supply decreases
• C) price increases
• D) price decreases
• E) supply increases