Price Dairy Group is the leading raw milk buyer in South Africa, passionately committed to creating optimum growth and value for their dairy producer members. They are as passionate about growing the strength of the local dairy industry as they are about the first-class products they send across the continent. By growing a culture of shared interests and opportunities within the local dairy industry, they offer consumers a wide range of nutritional products, at competitive prices. The figure below represents Dairy Group market for full cream milk. 52 D₁ Quantity People have become more concerned that drinking full cream milk causes them to gain weight, which they do not like. As a result, the a) demand curve will not shift, and the supply curve shifts from S1 to S2. b) demand curve shifts from D1 to D2and the supply curve shifts from S1 to S2. c) demand curve shifts from D2 to D1 and the supply curve shifts from S2 to $1. d) demand curve shifts from D2 to D1 and the supply curve will not shift.
Price Dairy Group is the leading raw milk buyer in South Africa, passionately committed to creating optimum growth and value for their dairy producer members. They are as passionate about growing the strength of the local dairy industry as they are about the first-class products they send across the continent. By growing a culture of shared interests and opportunities within the local dairy industry, they offer consumers a wide range of nutritional products, at competitive prices. The figure below represents Dairy Group market for full cream milk. 52 D₁ Quantity People have become more concerned that drinking full cream milk causes them to gain weight, which they do not like. As a result, the a) demand curve will not shift, and the supply curve shifts from S1 to S2. b) demand curve shifts from D1 to D2and the supply curve shifts from S1 to S2. c) demand curve shifts from D2 to D1 and the supply curve shifts from S2 to $1. d) demand curve shifts from D2 to D1 and the supply curve will not shift.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Price
Dairy Group is the leading raw milk buyer in South Africa, passionately committed to creating optimum growth
and value for their dairy producer members. They are as passionate about growing the strength of the local
dairy industry as they are about the first-class products they send across the continent. By growing a culture
of shared interests and opportunities within the local dairy industry, they offer consumers a wide range of
nutritional products, at competitive prices.
The figure below represents Dairy Group market for full cream milk.
52
D₁
Quantity
People have become more concerned that drinking full cream milk causes them to gain weight, which they do not like.
As a result, the
a) demand curve will not shift, and the supply curve shifts from S1 to S2.
b) demand curve shifts from D1 to D2and the supply curve shifts from S1 to S2.
c) demand curve shifts from D2 to D1 and the supply curve shifts from S2 to $1.
d) demand curve shifts from D2 to D1 and the supply curve will not shift.
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