Recall the Application about the increase in Chinese demand for pecans to answer the following question(s). Between 2006 and 2009, Chinese imports of U.S. pecans increased from 9 million pounds per year to 88 million pounds per year, and as a result of the increase in demand, the equilibrium price increased by about 50 percent. The increase in demand was caused in part by widespread reports in the Chinese media extolling the health benefits of pecans.
-According to the Application,which determinant of demand is responsible for the increase in the demand for pecans?

Question

Quizplus · Accepted Answer

The application states that the increase in demand for pecans was due to widespread reports in the Chinese media extolling the health benefits of pecans. This suggests that consumers' preferences for pecans increased, leading to an increase in demand for the product.

Recall the Application About the Increase in Chinese Demand for Pecans