ilmscore | Prediction Details
"Draw market for for ice cream and show what'll happen if the price of cream and input significantly decreases... the supply is going to shift to the right... price went down and the quantity went up"
By Jacob Clifford | August 5, 2024 | Pending
From video
NEW- Macro Unit 1 Summary- Basic Economic Concepts 00:20:57 - 00:21:25
Interpreted Prediction
If the price of cream (an input for ice cream) significantly decreases, the supply curve for ice cream will shift to the right, resulting in a lower equilibrium price and a higher equilibrium quantity.

Prediction Details

Topic
Microeconomics / Supply and Demand

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