ohe of these. Which of the following will noi cause an outward shift in the dema

Question

ohe of these. Which of the following will noi cause an outward shift in the demand curve for steaks at the supermarket? A report by the American Medical Association concluding that the consumption of a 4-ounce steak at least three times a week reduces the risk of cardiovascular disease a. b. A doubling of the price of chicken c. The price of steaks being cut in half d. A doubling of income leveis e. The expectation that the price of steaks will double within swo monns Which of the foilowing will not cause the deinand for ice cream to change?

Explanation / Answer

B The answer is doubling of price of chicken because it would lead to inward shift of demand curve and not outward shift. The consumers purchasing power decreases and so does demand.

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