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1. |
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. | There is an increase in the quantity demanded of apples and in the supply for apples |
B. | There is an increase in the demand and supply of apples. |
C. | There is an increase in the demand for apples and a decrease in the supply of apples |
D. | There is a decrease in the quantity demanded of apples and an increase in the supply for apples |
E. | There is an increase in the demand for apples and an increase in the quantity supplied of apples. |
Answer» F. | |