For the last 6 months, Troy's daily snack has consisted of appkes and peanut butter. Sunday is the day troy's does his grocery s
hopping. On the way into the grocery store he inds a crisp $100 bill. as he began shopping Sunday morning for his weekly supplies to prep his weekly means, he notices the price of apples had increase by $2 since last week. This week, Troy's daily snack this week is now yogurt and granola. What factor would account for the change in demand? a) The income Effect
b) Consumer Expectations
c) Consumer Taste and Advertising
d) The price of related goods
The answer is A. Using context clues, I can analyze the first answer includes the word accurate. This word is also used In the question given. Another reason why this answer is correct is because the other two don’t give specifics as to what would be in the records.
