An increase in the price of milk used in making milkshakes will result in a: Select one: a. a decrease in the supply of milk and a higher demand for milkshakes b. a shift of the supply curve of milkshakes to the right. c. a shift of the supply curve of milkshakes to the left. d. lower price for milkshakes and an increase in the quantity of milkshakes sold.

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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An increase in the price of milk used in making milkshakes will result in a:
Select one:
a. a decrease in the supply of milk and a higher demand for milkshakes
b. a shift of the supply curve of milkshakes to the right.
c. a shift of the supply curve of milkshakes to the left.
d. lower price for milkshakes and an increase in the quantity of milkshakes sold.
 
 
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