Full question:
Which of the following will have no impact on the demand for ice cream in the short run?
A) A change in population size
B) A change in the price of ice cream
C) A change in seasons
D) A change in consumer preferences
E) A change in consumer incomes
Answer:
B) A change in the price of ice cream
Explanation:
The price of products are often fluctuating to either direction. Sometimes it can increase and sometimes it can decrease. This is why the consumers generally have a slow reaction on price changes. it is not likely that a person will change their consumption behavior because of a slight price change.
But, if the change in price keep heading in one certain direction (if the price is continuously falling or continuously rising), then the change in demand would be more substantial in the long run.
A lot of factors do affects demand. The option that does not have an impact on the demand for ice cream in the short run is a A change in the price of ice cream.
An increase in price is said to lead to a decrease the quantity demanded of most goods.
A decrease in price will also lead to an increase the quantity demanded of most goods.
See full question from
Which of the following will have no impact on the demand for ice cream in the short run?
A) A change in population size
B) A change in the price of ice cream
C) A change in seasons
D) A change in consumer preferences
E) A change in consumer incomes
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