10. Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt would be predicted to do all of the following EXCEPT a. raise the equilibrium price of frozen yogurt. b. increase the equilibrium quantity of frozen yogurt. c. increase the supply of ice cream. d. increase the demand for frozen yogurt.

10. Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt would be predicted to do all of the following EXCEPT a. raise the equilibrium price of frozen yogurt. b. increase the equilibrium quantity of frozen yogurt. c. increase the supply of ice cream. d. increase the demand for frozen yogurt.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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