Question
In 2018, caviar sales in the US soared as did its price. The Kardashian boutique in New York which serves the upscale fare says it
In 2018, caviar sales in the US soared as did its price. The Kardashian boutique in New York which serves the upscale fare says it raised its price in reaction to a renewed interest in the food coupled with a shrinking supply of Russian caviar due to changing tastes.Given these facts, what most likely led to the higher quantity sold and higher price of caviar?
A.A small shift in demand to the left and a large shift in supply to the left.
B.A small shift in demand to the right and a small shift in supply to the left.
C.A large shift in demand to the right and a small shift in supply to the left.
D.A large shift in demand to the right and a small shift in supply to the right.
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