Which of the Following Would Not Lead to a Change

question 141

Multiple Choice

Which of the following would not lead to a change in the supply of chocolate ice cream?

• A) a change in productive capacity
• B) a change in the price of strawberry ice cream
• C) a change in the price of milk
• D) a change in the price of chocolate ice cream
• E) a change in the expected future price of chocolate ice cream

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Definitions:

Coffee

A beverage made from roasted and ground coffee beans, widely consumed globally for its stimulating effect.

Preference

An economic term referring to the assumption that individuals have the capacity to order or rank different bundles of goods or outcomes in terms of their satisfaction.

Substitutes

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Market-Clearing Level

Market-Clearing Level is the price point at which the quantity of goods supplied is equal to the quantity of goods demanded, eliminating any surplus or shortage in the market.