In the market for cream, which of the following events would increase demand, ceteris paribus? A. Increased health fears regarding the consumption of too much fat (cream contains fat) B. A fall in the income of consumers. C. An increase in the price of scones, a complement. D. A drop in the price of yoghurt, a substitute. E. A decrease in the price of waffles, a complement.
In the market for cream, which of the following events would increase demand, ceteris paribus? A. Increased health fears regarding the consumption of too much fat (cream contains fat) B. A fall in the income of consumers. C. An increase in the price of scones, a complement. D. A drop in the price of yoghurt, a substitute. E. A decrease in the price of waffles, a complement.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 1CQQ
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In the market for cream, which of the following events would increase demand, ceteris paribus?
A. Increased health fears regarding the consumption of too much fat (cream contains fat)
B. A fall in the income of consumers.
C. An increase in the
D. A drop in the price of yoghurt, a substitute.
E. A decrease in the price of waffles, a complement.
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