What Will Happen to the Demand Curve for Lemonade in a Very

question 281

Multiple Choice

What will happen to the demand curve for lemonade in a very hot summer in Toronto?

• A)It will shift to the left.
• B)It will shift to the right.
• C)It will remain stable but we would move down the curve.
• D)It will remain stable but we would move up the curve.

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Definitions:

Price

The quantity of cash forecasted, demanded, or paid in return for an item.

Entire Income

The total amount of income received from all sources before any deductions, taxes or expenses are subtracted.

Units

A standard or basic quantity into which an item of supply is divided, issued, or used.

Clothing

Garments and articles worn on the body, typically made from fabric or textiles.