A warm, dry summer means that the English pear harvest is exceptionally good. At the same time, a new diet in which pears have an important role becomesfashionable. Which of the following do we expect to happen in the market forpears?

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter8: Understanding Markets And Industry Changes
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A warm, dry summer means that the English pear harvest is exceptionally good. At the same time, a new diet in which pears have an important role becomesfashionable. Which of the following do we expect to happen in the market forpears?
a) Demand curve shifts left, supply curve shifts right, and price decreases.
b) Demand curve shifts right, supply curve shifts right, and quantity traded
increases.
c) Demand curve shifts right, supply curve shifts left, and price increases.
d) Demand curve shifts left, supply curve shifts down, and quantity traded
decreases.

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