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Consider the Demand for Strawberry Ice-Cream

Question 109

Essay

Consider the demand for strawberry ice-cream. For each of the following scenarios, identify whether the market would experience a change in quantity demanded or a change in demand, and specify the direction of the change.
a. Strawberry orchards are affected by disease, and the supply of strawberries to ice-cream manufacturers falls.
b. The market price of strawberry ice-cream rises.
c. More consumers begin to prefer chocolate ice-cream to strawberry ice-cream.

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