Given That Frozen Yogurt and Ice Cream Are Substitutes,a Shift

question 201

Multiple Choice

Given that frozen yogurt and ice cream are substitutes,a shift in preferences in favor of yogurt would be predicted to do all of the following EXCEPT

• A) raise the equilibrium price of frozen yogurt.
• B) increase the quantity supplied of frozen yogurt.
• C) increase the supply of ice cream.
• D) increase the demand for frozen yogurt.

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