sladenewton10 sladenewton10

13-06-2024
Business

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 GinnyAnswer

13-06-2024

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.

Learn more about equilibrium price in economics here:

https://brainly.com/question/11438362

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