A decrease in the price of eggs, all other things unchanged, will result in a(n):

Question

Quizplus · Accepted Answer

A decrease in price of eggs will make eggs more affordable and desirable to buyers, leading to a greater quantity of eggs demanded. This will not affect the supply side, hence option B can be eliminated. Option A is incorrect as a decrease in price will not lead to an increase in demand but will lead to a movement along the demand curve resulting in an increase in quantity demanded. Option C is also incorrect, as a decrease in price will not lead to a greater quantity supplied, but will rather lead to a decrease in quantity supplied due to lower profitability for producers.

A Decrease in the Price of Eggs, All Other Things