Which of the following would most likely increase the price of chicken, a normal good?
A)a reduction in the price of grains used to produce chicken feed
B)a reduction in the price of beef, a substitute for chicken
C)unusually hot weather that kills millions of chickens before they are ready for market
D)a decrease in consumer income

Question

Which of the following would most likely increase the price of chicken, a normal good?
A)​a reduction in the price of grains used to produce chicken feed
B)​a reduction in the price of beef, a substitute for chicken
C)​unusually hot weather that kills millions of chickens before they are ready for market
D)​a decrease in consumer income

Quizplus · Accepted Answer

The reduction in the supply of chicken due to the hot weather killing millions of chickens will lead to a decrease in the quantity supplied, resulting in an increase in the price of chicken.

Answer: D
 A decrease in consumer income is likely to reduce the demand for chicken, leading to a decrease in the price of chicken.

Which of the Following Would Most Likely Increase the Price