Price 0 S₁ D₁ S2 Dz Quantity Suppose Figure above represents the market for French fries in a fast-food shop. If the price of potatoes rises and people become at the same time concerned that French fries can lead to an increase in "bad" cholesterol, then O A. the demand curve for French fries will shift from D2 to D1 while the supply curve of French fries will not shift. O B. the demand curve for French fries will not shift and the supply curve of French fries will shift from S1 to S2. O C. the demand curve for French fries will shift from D2 to D1 and the supply curve of French fries will shift from S2 to S1. O D. the demand curve for French fries will shift from D2 to D1 and the supply curve of French fries will shift from S1 to S2.

Price 0 S₁ D₁ S2 Dz Quantity Suppose Figure above represents the market for French fries in a fast-food shop. If the price of potatoes rises and people become at the same time concerned that French fries can lead to an increase in "bad" cholesterol, then O A. the demand curve for French fries will shift from D2 to D1 while the supply curve of French fries will not shift. O B. the demand curve for French fries will not shift and the supply curve of French fries will shift from S1 to S2. O C. the demand curve for French fries will shift from D2 to D1 and the supply curve of French fries will shift from S2 to S1. O D. the demand curve for French fries will shift from D2 to D1 and the supply curve of French fries will shift from S1 to S2.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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