Figure 3-6 -In Figure 3-6,suppose D₁ and S₁ Indicate Initial Conditions in Indicate

question 320

Multiple Choice

Figure 3-6

-In Figure 3-6,suppose D₁ and S₁ indicate initial conditions in the market for ice cream.Which of the following changes would tend to cause a shift from S₁ to S₂ in the market for ice cream?

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

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