Question

U.S. Craft Beer Bolsters U.K. Hop Production btle taste of UK. hop varieties U.K. hop farmers stepped up production in response to a rapid growth of U.S. craft beer production, U.S. craft beer makers prefer the s Describe the changes in the market for U.S. craft beer. An increase in is occurring in the market for u s. craft beer A. supply and an increase in the quantity demanded B. demand and an increase in the quantity supplied C. supply and a decrease in demand D. supply and an increase in demand

Answer 1

Answer:

The correct answer is letter "A": supply and an increase in the quantity demanded.

Explanation:

U.S. craft beer production has increased, thus, the supply of craft beer is increasing. If the supply increases, the price of craft beer decreases. By demand law, if the prices of a craft beer drop, the quantity demanded for craft beer are likely to be incremented.

Answer 2

The correct option is A.

A. supply and an increase in the quantity demanded

The following information should be considered:

• A rapid growth of US craft beer production increases the supply of craft beer due to this the supply curve shifts rightward and decrease the price of craft beer.
• Now A fall in price of craft beer will increase the quantity demand of craft beer.
• And demand changes in response to decline in price of craft beer.
• So it will known as increase in quantity demanded

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