Limited access

Upgrade to access all content for this subject

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.

Select an assignment template