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Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt ...

ellie425

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Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt ...

Given that frozen yogurt and ice cream are substitutes, a shift in preferences in favor of yogurt would be predicted to do all of the following EXCEPT

▸

raise the equilibrium price of frozen yogurt.

▸

increase the quantity supplied of frozen yogurt.

▸

increase the supply of ice cream.

▸

increase the demand for frozen yogurt.

Textbook

Economics

Edition: 12^th

Author: Arnold

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