Related to the Economics in Practice on p. 67: Increased preference for quinoa would shift the ________ curve for quinoa to the right and lead to a(n) ________ in the price of quinoa, ceteris paribus.

Question

Quizplus · Accepted Answer

An increased preference for quinoa would increase the demand for it, shifting the demand curve to the right. 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 P