Home › AP Macroeconomics › Economics › Demand and Supply › From 1980 to 2014, American per-person chicken c…
From 1980 to 2014, American per-person chicken consumption rose while beef consumption fell, a change attributed to shifting tastes. What did this taste change do to the demand curves for chicken and for beef?
AChicken demand shifted left; beef demand shifted right
BBoth chicken demand and beef demand shifted right
CChicken demand shifted right; beef demand shifted left
DBoth chicken demand and beef demand shifted left
Answer & Solution
Correct answer: C. Chicken demand shifted right; beef demand shifted left
1. Tastes and preferences are a demand determinant separate from price.
2. A taste shift toward chicken raises the quantity demanded at every price, shifting its curve right.
3. A taste shift away from beef lowers the quantity demanded at every price, shifting its curve left.
4. Both curves move because tastes changed, not because either good's own price changed.
_Source: OpenStax Principles of Macroeconomics for AP Courses (CC BY 4.0), Ch 3 "Demand and Supply", section 3.2 | Shifts in Demand and Supply for Goods and Services_
Related questions
A city's movie theaters reach a free-market equilibrium of $8 per ticket with 1,800 peopleA new back-pain drug would sell at a free-market equilibrium price of $600 per month, withWhat is the loss in total surplus that occurs when an economy produces at an inefficient qA seller would have been willing to accept less for a good than the market equilibrium priA consumer would have been willing to pay more for a good than the market equilibrium pricIf a government sets a price floor below the market equilibrium price, what is the expecteWhat hourly rate was the federal minimum wage set at, at the end of 2014?Rising incomes in a city shift the demand curve for rental housing to the right, moving th