Major Producer Inventions: Impact on Ice Cream Supply
What will cause an increase in the quantity supplied of ice cream at local grocery stores?
Which of the following scenarios will lead to more ice cream being supplied at local grocery stores?
Answer:
The invention of a new cost-saving process for freezing ice cream by Prairie Farms, a major producer of ice cream, will cause an increase in the quantity supplied of ice cream at local grocery stores.
When Prairie Farms invents a new cost-saving process for freezing ice cream, it reduces the production cost of ice cream. This allows the company to produce more ice cream at a lower cost, leading to an increase in the quantity supplied.