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Raleigh and Austin are a young couple, and the only people in their family. Raleigh's monthly ...

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Raleigh and Austin are a young couple, and the only people in their family. Raleigh's monthly ...

Raleigh and Austin are a young couple, and the only people in their family. Raleigh's monthly demand for pints of ice cream is given by QD = 20 - P and Austin's monthly demand for pints of ice cream is given by QD = 10 - 2 P.

Which of the following would NOT cause their family demand for pints of ice cream to increase?

▸ Raleigh and Austin have a child that also like to eat ice cream

▸ A decrease in the price of pints of ice cream

▸ A decrease in the price of pie, which is frequently consumed with ice cream

▸ An increase in the price of pudding, a dessert that people may consume instead of ice cream

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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