answer a,b and cUse a diagram to illustrate Answer ALL questions.Kremi Ice Cream Factory manufactures vanilla ice cream and chocolate ice cream. There aretimes when vanilla ice cream is eaten with sprinkles. Illustrate giving reasons for youranswer what would happen to the demand for VANILLA ice cream in the situations below:(a) Government cuts wages by 10%(b) The price of chocolate ice cream increase(c) The price of sprinkles decreased(d) The price of vanilla ice cream decreased.(e) Government increased income tax.(f) More people moved into the community where Kris Kros is located.(g) There was an announcement that the price of vanilla ice cream will decrease in thenext two (2) weeks.

The ‘law of demand’ states ceteris paribus, if the price of a good increases the demand(DD) of that…

Answered: answer a,b and c Use a diagram to…

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Economics

answer a,b and c Use a diagram to illustrate

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

answer a,b and c Use a diagram to illustrate

Answer ALL questions.
Kremi Ice Cream Factory manufactures vanilla ice cream and chocolate ice cream. There are
times when vanilla ice cream is eaten with sprinkles. Illustrate giving reasons for your
answer what would happen to the demand for VANILLA ice cream in the situations below:
(a) Government cuts wages by 10%
(b) The price of chocolate ice cream increase
(c) The price of sprinkles decreased
(d) The price of vanilla ice cream decreased.
(e) Government increased income tax.
(f) More people moved into the community where Kris Kros is located.
(g) There was an announcement that the price of vanilla ice cream will decrease in the
next two (2) weeks.

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