A fear that consumption of ice cream may be related to a life threatening disease spreads rapidly through France.The market result will be:

Question

Quizplus · Accepted Answer

The fear of ice cream being related to a life threatening disease would cause a decrease in demand for ice cream. As a result, the price would also decrease. However, the quantity supplied would also decrease since the sellers would reduce the production. Therefore, the market result would be a fall in demand followed by a fall in supply, leading to a decrease in the equilibrium quantity.

A Fear That Consumption of Ice Cream May Be Related