Referring to the Economics in Practice on page 320: If restaurants are required to include calorie and fat-content labels on menus, the demand curve for high-fat, high-calorie menu items will most likely shift to the _____, resulting in ________ in the equilibrium price of these items.

Question

Quizplus · Accepted Answer

When calorie and fat-content labels are included on menus, consumers become more knowledgeable about the nutritional content of the food they are eating. As a result, the demand for high-fat, high-calorie items is likely to decrease. This will cause the demand curve to shift to the left, resulting in a decrease in the equilibrium price of these items. Therefore, D is the correct answer.

Referring to the Economics in Practice on Page 320: If