Practice mode Market

Consumer tastes shift towards eating apples. Which statement accurately describes the effect on the apple market?

Correct answer D. There is an increase in the demand for apples and an increase in the quantity supplied of apples

Explanation

A change in tastes shifts the demand curve right. The higher price that follows moves producers along their unchanged supply curve, raising the quantity supplied but not supply itself.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.