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AP® Macroeconomics

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Supply and Demand Shift: Bacon

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Ham and bacon both come from pigs.

If the price of ham increases at the same time as the global population shrinks, what would happen to the market for bacon?

A

The supply of bacon would decrease, the demand for bacon would decrease, and the quantity of bacon would decrease.

B

The supply of bacon would increase, the demand for bacon would decrease, and the price of bacon would fall.

C

The supply of bacon would increase, the demand for bacon would decrease, and the quantity of bacon would increase.

D

The supply of bacon would decrease, the demand for bacon would increase, and the price of bacon would rise.

E

The supply of bacon would increase, the demand for bacon would decrease, and the price of bacon would rise.