In the past few years, the demand for donuts has greatty increased. This increase in demand might best be explained by In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained byO an increase in the cost of making donuts.O an increase in the price of coffee.consumers expecting donut prices to fall.O achange in buyer tastes.

Correct : a change in buyer tastes

Answered: In the past few years, the demand for…

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Economics

In the past few years, the demand for donuts has greatty increased. This increase in demand might best be explained by

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 5PA

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Question

In the past few years, the demand for donuts has greatty increased. This increase in demand might best be explained by

In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by
O an increase in the cost of making donuts.
O an increase in the price of coffee.
consumers expecting donut prices to fall.
O achange in buyer tastes.

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