Match the Determinants with the appropriate change in the market for chocolate. Price of a good increases Change in subsidies or taxes on producers, resource costs, or production technology Change in consumer tastes, income, expectations, or related goods. :: Change Supply : Change Demand : No Change in the supply or demand curve

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Match the Determinants with the appropriate change in the market for chocolate.

Match the Determinants with the appropriate change in the market for chocolate.
Price of a good increases
Change in subsidies or taxes on producers, resource costs,
or production technology
Change in consumer tastes, income, expectations, or related
goods.
: Change Supply
: Change Demand
: No Change in the supply or demand curve
Transcribed Image Text:Match the Determinants with the appropriate change in the market for chocolate. Price of a good increases Change in subsidies or taxes on producers, resource costs, or production technology Change in consumer tastes, income, expectations, or related goods. : Change Supply : Change Demand : No Change in the supply or demand curve
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Step 1

Price of a good increases - No change in the supply or demand curve 

Change in subsidies or taxes on producers - Change supply 

Change in consumer taste, income, expectations or related goods- Change demand 

 

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