Related to the Economics in Practice on page 67: 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 due to higher demand. According to the law of supply and demand, an increase in demand, with supply remaining constant (ceteris paribus), would lead to an increase in the price of quinoa.

Related to the Economics in Practice on Page 67: Increased