Which of the following factors would shift the supply curve for ice cream to the right?

A) A new cooling technology emerges.

B) The price per unit increases.

C The number of producers in the market for ice cream increases.

D) Both A and C

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manhokwe tawandaLv10

10 Oct 2020

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Suppose that most consumers consider ice cream and frozen yogurt to be substitutes for one another. How is the market for ice cream affected by an increase in the price of frozen yogurt?


		A) The supply of ice cream decreases.
		B) The demand for ice cream increases.
		C) The quantity of ice cream supplied decreases.

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7. Suppose that the U.S. government imposes the tax on ice cream sellers of $0.50 per gallon of ice cream. If the market price of ice cream rises by $0.10 per gallon, we know that: (a) the demand for ice cream is more inelastic than the supply of ice cream. (b) the supply of ice cream is more inelastic than the demand for ice cream. (c) the demand for ice cream is unit elastic. (d) ice cream companies are being nice.

A fall in the price of milk, used in the production of ice cream, will:

A. Decrease the supply of ice cream

B. Have no effect on the supply of ice cream

C. Increase the supply of ice cream

D. Cause a movement along the supply curve of ice cream