A decrease in the price of eggs will result in an increase in the:
A)demand for eggs.
B)supply of eggs.
C)quantity of eggs supplied.
D)quantity of eggs demanded.

Question

Quizplus · Accepted Answer

A decrease in the price of eggs will lead to an increase in the quantity of eggs demanded, as consumers are more likely to buy more eggs at a lower price. It will not directly affect the demand for eggs or the supply of eggs, as those factors are influenced by various other factors such as consumer preferences and production costs.

A Decrease in the Price of Eggs Will Result in an Increase