Using supply and demand analysis,if the "colony collapse disorder (CCD) " of honey bees caused a leftward shift of the supply curve for ice cream,then which of the following must be true?
A) The equilibrium price of ice cream increased and the equilibrium quantity decreased.
B) The equilibrium price of ice cream decreased and the equilibrium quantity decreased.
C) The equilibrium price of ice cream increased and the equilibrium quantity increased.
D) The equilibrium price of ice cream decreased and the equilibrium quantity increased.
Correct Answer:
Verified
Q164: If the cost of producing a product
Q221: Q224: A decrease in supply will cause the Q226: If a government imposes a tax on Q226: Using a graph,illustrate the effect that an Q229: When a government pays a company for Q233: According to the application,the increase in the Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
