Using the supply and demand diagrams (one for each market), show what short-run changes in price and quantity would be expected in the following markets if worries about weight gain from fat consumption cause consumers to reduce the demand for ice cream. Each graph should contain the original and new demand and supply curves, and the original and new equilibrium prices and quantities. For each market, write one sentence explaining why each curve shifts or does not shift.
(A) Market for ice crean
(B) Market far nanfat law-calarie frazen yogurt
(C) Market for ice crean toppings

Question

Using the supply and demand diagrams (one for each market), show what short-run changes in price and quantity would be expected in the following markets if worries about weight gain from fat consumption cause consumers to reduce the demand for ice cream. Each graph should contain the original and new demand and supply curves, and the original and new equilibrium prices and quantities. For each market, write one sentence explaining why each curve shifts or does not shift.
 (A) Market for ice crean
(B) Market far nanfat law-calarie frazen yogurt
(C) Market for ice crean toppings

Quizplus · Accepted Answer

The Answer of Using the supply and demand diagrams (one for each market), show what short-run changes in price and quantity would be expected in the following markets if worries about weight gain from fat consumption cause consumers to reduce the demand for ice cream. Each graph should contain the original and new demand and supply curves, and the original and new equilibrium prices and quantities. For each market, write one sentence explaining why each curve shifts or does not shift.
 (A) Market for ice crean
(B) Market far nanfat law-calarie frazen yogurt
(C) Market for ice crean toppings

Using the Supply and Demand Diagrams (One for Each Market)