If the technology for producing is restricted, then there will be atn). Oa Expansion of Supply Ob Contraction of Supply Oc Expansion of Demand Od. Contraction of Demand Suppose that ostmeal and cereal are substitutes. If the price of oatmeal rises, in equilibrium the. Oa Price of cereal fals and the quantity of cereal falls. Ob. Price of cereal rises and the quantity of cereal rises. O. Price of cereal rises and the quantity of cereal fals Od. Price of cereal falls and the quantity of cereal rises.

A change in price of a good or service typically causes O a new equilibrium price O a change along the supply curve the supply curve to shift O a decreased demand for that specific good or service.

Exhitbit SD.2 DI D2 |Quantity Refer to the above Supply-Demand diagram. One of the following factors causes the shift from S1 to S2, O the demand for low-fat meals has risen. O consumer income may have risen. O the quantity of resources used in the production of low-fat mcals has risen. demand for popular hcalthy foods increased. Price E.