If the cost to produce Megan's frozen chicken nuggets decreases at the same time as consumer tastes shift away from frozen chicken nuggets. The shift in supply is smaller than the shift in demand, which of the following is true?
(A) both the equilibrium quantity and equilibrium price will decrease.
(B) both the equilibrium quantity and equilibrium price will increase.
(C) the equilibrium quantity will increase and equilibrium price will decrease.
(D) the equilibrium quantity will not change and equilibrium price will decrease.
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If the cost to produce Megan's frozen chicken nuggets decreases at the same time as consumer tastes shift away from frozen chicken nuggets. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » If the cost to produce Megan's frozen chicken nuggets decreases at the same time as consumer tastes shift away from frozen chicken nuggets.