Many fast-food restaurants have begun offering value meals with fruit or salad instead of French fries. If consumers find this idea attractive, the market demand for potatoes will most likely:
A) decrease, which may result in short-run losses for potato growers.
B) decrease but have no effect on the profits earned by potato growers in the short run.
C) increase, which may result in short-run losses for potato growers.
D) increase but have no effect on the profits earned by potato growers in the short run.
Correct Answer:
Verified
Q112: Suppose that the marginal cost of producing
Q113: During a recession, the price of restaurant
Q114: Refer to the graph shown, which depicts
Q115: If the long-run market supply curve is
Q116: Assume that the t-shirt industry is perfectly
Q118: Long-run competitive equilibrium requires:
A) average costs to
Q119: The existence of economic losses induces firms
Q120: The demand for clothing increases. As a
Q121: Refer to the graphs shown, which depict
Q122: Suppose the dry cleaning industry is initially
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents