Which of the Following Might Cause the Demand for Ice

question 135

Multiple Choice

Which of the following might cause the demand for ice cream, a normal good, to increase?

• A)an increase in the price of ice cream
• B)an increase in the price of sherbet
• C)cooler weather
• D)a decrease in the number of consumers
• E)a decrease in consumer income

Understand the effect of technological capabilities on national export and import patterns.

Discuss the impact of global shifts in resources and technology on trade patterns.

Explain the terms of trade and how they reflect comparative advantages between nations.

Analyze how trade affects national standards of living and employment.