Which of the following would cause the equilibrium price of white bread to decrease and the equilibrium quantity of white bread to increase?
A)a decrease in the price of flour
B)an increase in the price of flour
C)an increase in the price of rye bread, a substitute for white bread
D)an increase in the price of butter, a complement for white bread

Question

Quizplus · Accepted Answer

A decrease in the price of flour, a key ingredient in white bread, would lower the production cost of white bread and shift the supply curve to the right, causing a decrease in equilibrium price and an increase in equilibrium quantity.

Which of the Following Would Cause the Equilibrium Price of White