The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals.
Figure 4.1

-Refer to Figure 4.1. Which of the following is represented by this figure?
A) Delivery meals and restaurant meals are complementary goods.
B) When producers of delivery and restaurant meals change their preferences, the consumers respond.
C) The increase in demand for delivery meals could have been caused by a change in consumers' tastes.
D) The fall in demand for restaurant meals was caused by an increase in the price for restaurant meals.
E) The demand for delivery meals is less elastic than that for restaurant meals.

Question

The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals.
Figure 4.1
 
-Refer to Figure 4.1. Which of the following is represented by this figure?
A) Delivery meals and restaurant meals are complementary goods. 
B) When producers of delivery and restaurant meals change their preferences, the consumers respond. 
C) The increase in demand for delivery meals could have been caused by a change in consumers' tastes. 
D) The fall in demand for restaurant meals was caused by an increase in the price for restaurant meals. 
E) The demand for delivery meals is less elastic than that for restaurant meals.

Quizplus · Accepted Answer

The figure likely shows an increase in demand for delivery meals, which can be attributed to a change in consumer preferences or tastes, such as a shift towards convenience or remote dining options.

The Figure Given Below Represents the Equilibrium Price and Output