ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Construct a diagram as well
Answer ALL questions.
Kremi Ice Cream Factory manufactures vanilla ice cream and chocolate ice cream. There are
times when vanilla ice cream is eaten with sprinkles. Illustrate giving reasons for your
answer what would happen to the demand for VANILLA ice cream in the situations below:
(d) The price of vanilla ice cream decreased.
(e) Government increased income tax.
(1) More people moved into the community where Kris Kros is located.
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Transcribed Image Text:Answer ALL questions. Kremi Ice Cream Factory manufactures vanilla ice cream and chocolate ice cream. There are times when vanilla ice cream is eaten with sprinkles. Illustrate giving reasons for your answer what would happen to the demand for VANILLA ice cream in the situations below: (d) The price of vanilla ice cream decreased. (e) Government increased income tax. (1) More people moved into the community where Kris Kros is located.
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