Related to the Economics in Practice on page 65: Increased preference for quinoa would most likely shift the demand curve for quinoa to the ________ and lead to a(n) ________ in the price of quinoa, ceteris paribus.

Question

Quizplus · Accepted Answer

An increased preference for quinoa would shift the demand curve to the right, indicating an increase in demand. This shift would lead to an increase in price, ceteris paribus, as the market adjusts to the increased demand for quinoa. Therefore, the correct option is C.

Related to the Economics in Practice on Page 65: Increased