PRC-3 · Chapter 10 · Question 1 of 70
A sudden, widespread health craze causes consumers to prefer green tea over regular black tea. Assuming the price of black tea remains unchanged, what will happen to the demand curve for black tea?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) It will shift to the left
Explanation
A change in consumer tastes and preferences away from a product causes its demand curve to shift to the left (decrease in demand at every price level).
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