Related to the Economics in Practice on p. 65: Increased preference for quinoa would shift the ________ curve for quinoa to the right and lead to a(n) ________ in the price of quinoa, ceteris paribus.

Question

Quizplus · Accepted Answer

An increased preference for quinoa would lead to a shift in the demand curve for quinoa to the right, indicating that at any given price, the quantity demanded of quinoa would increase. This would lead to an increase in the price of quinoa, ceteris paribus. Therefore, the correct option is A, as it correctly identifies the shift in the demand curve and the consequent change in the price of quinoa.

Related to the Economics in Practice on P