A Decrease in the Demand for Eggs Due to Changes

question 135

Multiple Choice

A decrease in the demand for eggs due to changes in consumer tastes,accompanied by a decrease in the supply of eggs as a result of an outbreak of Avian flu,will result in

• A)a decrease in the equilibrium quantity of eggs and no change in the equilibrium price.
• B)a decrease in the equilibrium price of eggs and no change in the equilibrium quantity.
• C)a decrease in the equilibrium price of eggs; the equilibrium quantity may increase or decrease.
• D)a decrease in the equilibrium quantity of eggs; the equilibrium price may increase or decrease.

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Definitions:

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Square

A four-sided polygon with all sides of equal length and all angles equal to 90 degrees, often used in geometry and construction.

Lever

A simple machine consisting of a rigid bar that pivots around a fixed point, known as the fulcrum, used to amplify force.

Ratchet Wheels

Gears featuring teeth that engage with a pawl or similar device, allowing rotation in one direction while preventing it in the opposite, used in various mechanical devices.