If consumers develop a stronger preference for apples, how will this change affect the apple market?

Show Answers

The quantity of apples demanded rises along with an increase in apple supply.Both the demand for and the supply of apples grow.Demand for apples goes up while the supply of apples declines.The quantity demanded of apples falls, but apple supply increases.Demand for apples increases, leading to a higher quantity of apples supplied.

Explanation

When consumer preferences shift in favor of apples, the demand curve for apples shifts to the right, indicating an increase in demand. This higher demand typically causes suppliers to offer more apples, which is reflected as an increase in the quantity supplied (movement along the supply curve), not a shift in supply. Therefore, the correct description is that demand rises and the quantity supplied increases.