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According to an article in the Wall Street Journal, both the quantity of organic milk sold and the price per half gallon have been falling.
According to an article in the Wall Street Journal, both the quantity of organic milk sold and the price per half gallon have been falling. Source: Heather Haddon and Benjamin Parkin, "Dairies Are Awash in Organic Milk as Consumers Jump to Alternatives," Wall Street Journal, January 2, 2018. Briefly explain whether the scenario can account for this outcome. The demand for organic milk has been decreasing, while the supply of organic milk has been increasing. This scenario A. can account for the price and quantity of organic milk both falling if the decrease in demand is large enough relative to the increase in supply. O B. accounts for the price and quantity of organic milk both falling, irrespective of the relative size of the shifts of supply and demand. O C. can account for the price and quantity of organic milk both falling if the decrease in demand is small enough relative to the increase in supply. O D. can't account for the outcome of the price and the quantity of organic milk both falling because the price will always be higher in this scenario
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