Answer to Question #209764 in Economics for Paballo

Question

This question is based on the following information for ice cream: If the equilibrium price for ice cream decreases and the equilibrium quantity increases we conclude that a possible cause of this is that

•  A. the demand has increased.
•  B. the demand has decreased.
•  C. the supply has increased.
•  D. the supply has decreased.

Answer 1

C. the supply has increased.