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Last month, ice cream cost $7 a gallon. This month, consumers are willing to pay $8 a gallon. What will probably happen to the quantity of ice cream supplied? will it go up or go down?
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Last month, ice cream cost $7 a gallon. This month, consumers are willing to pay $8 a gallon.

What will probably happen to the quantity of ice cream supplied?
will it go up or go down?

User Awrigley
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1 Answer

11 votes

Answer:

The quality of the supplied ice cream will increase due to the increasing sales consumers want to pay for.

Step-by-step explanation:

It will only go down when consumers wanted to pay less, but for this situation it will go up over time in which there will be more supply for a gallon of ice cream.

User Erich Purpur
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