Answered

Which would NOT cause the equilibrium price for vanilla ice cream to decrease?

A. An increase in the price of caramel syrup (a complement)
B. An increase in the number of ice cream shops
C. Cold weather causing consumers to seek warm desserts
D. An increase in the price of milk (an ingredient in ice cream)



Answer :

GinnyAnswer

Final answer:

An increase in the price of milk, an ingredient in ice cream, would not cause the equilibrium price for vanilla ice cream to decrease.


Explanation:

An increase in the price of milk (an ingredient in ice cream) would NOT cause the equilibrium price for vanilla ice cream to decrease. If the price of milk increases, it would lead to an increase in the production cost of vanilla ice cream, likely leading to a higher equilibrium price rather than a decrease.


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