Identify which of the following scenarios is likely to shift the demand for wheat bread to the right. Instructions: You may select more than one answer. Click the box with a check mark for the correct answers and click twice to empty the box for the wrong answers. You must click to select or deselect each option in order to receive full credit.check all that applyThe population of Arizona grows by 20%.A drought in Kansas makes people believe that the price of wheat bread will increase in a couple of months.People learn that certain bread additives may be bad for their health.unansweredAs people become more health conscious, they discover the benefits of whole wheat as a part of their diet.
Question
Identify which of the following scenarios is likely to shift the demand for wheat bread to the right. Instructions: You may select more than one answer. Click the box with a check mark for the correct answers and click twice to empty the box for the wrong answers. You must click to select or deselect each option in order to receive full credit.check all that applyThe population of Arizona grows by 20%.A drought in Kansas makes people believe that the price of wheat bread will increase in a couple of months.People learn that certain bread additives may be bad for their health.unansweredAs people become more health conscious, they discover the benefits of whole wheat as a part of their diet.
Solution
The scenarios that are likely to shift the demand for wheat bread to the right are:
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The population of Arizona grows by 20%: An increase in population can lead to an increase in demand for goods, including wheat bread. More people means more potential consumers.
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A drought in Kansas makes people believe that the price of wheat bread will increase in a couple of months: If people believe that the price of a good will increase in the future, they may decide to buy more of it now. This is known as anticipatory demand.
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As people become more health conscious, they discover the benefits of whole wheat as a part of their diet: Changes in consumer tastes and preferences can also affect demand. If people become more health conscious and start preferring wheat bread over other types of bread, the demand for wheat bread will increase.
The scenario that is not likely to shift the demand for wheat bread to the right is:
- People learn that certain bread additives may be bad for their health: This scenario is likely to decrease the demand for breads that contain these additives. However, it does not necessarily mean that the demand for wheat bread will increase. People may choose to avoid bread altogether or switch to other types of bread that do not contain these additives.
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