Economics Mcqs
Q Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event on the market for apples ?
  • A A. there is an increase in the quantity demanded of apples and in the supply for apples
  • B B. there is an increase in the demand and supply of apples.
  • C C. there is an increase in the demand for apples and a decrease in the supply of apples
  • D D. there is a decrease in the quantity demanded of apples and an increase in the supply for apples
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