Which of the following is TRUE in the market for ice cream? a) An increase in price of milk shifts the supply curve to the rifht b) an increase in price of ice cream shifts the demand curve to the left c) an increase in number of sellers shifts the supply curve of ice cream to the right d) a decrease in income shifts the demand curve for ice cream to the right
Which of the following is TRUE in the market for ice cream? a) An increase in price of milk shifts the supply curve to the rifht b) an increase in price of ice cream shifts the demand curve to the left c) an increase in number of sellers shifts the supply curve of ice cream to the right d) a decrease in income shifts the demand curve for ice cream to the right
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which of the following is TRUE in the market for ice cream?
a) An increase in price of milk shifts the supply curve to the rifht
b) an increase in price of ice cream shifts the demand curve to the left
c) an increase in number of sellers shifts the supply curve of ice cream to the right
d) a decrease in income shifts the demand curve for ice cream to the right
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