A Change in Consumer Tastes for Low-Carb Food and a Decrease

question 66

Multiple Choice

A change in consumer tastes for low-carb food and a decrease in their preferences for low-fat meals does not lead to which of the following?

• A) An inward shift of the demand curve for low-fat meals
• B) An outward shift of the demand curve for low-carb food
• C) An increase in the amount of resources used to produce low-carb food
• D) A decrease in the amount of resources used to produce low-fat meals
• E) A reduction in the value of resources used in low-carb food

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Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Disinflation

A reduction in the rate of inflation

Underemployed

Refers to individuals working fewer hours than they would prefer, or in positions that don't fully utilize their skills and education.

Discouraged Workers

Individuals who have stopped looking for work because they believe there are no job opportunities available for them.