The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals. Figure 4.1
- Refer to Figure 4.1.In which direction will the resources flow following a shift in the demand for Restaurant Meals and Delivery Meals as represented by the figure?
A)Resources flow from where they are more highly valued to where they are less highly valued in order to make the consumer better off.
B)Resources flow from where they are more highly valued to where they are less highly valued in order to reduce prices.
C)Resources flow from where they are more highly valued to where they are less valued in order to reduce costs.
D)Resources flow from Restaurant production and sales to Delivery production and sales.
E)Resources flow to Restaurant production and sales and away from Delivery production and sales.

Question

The figure given below represents the equilibrium price and output in the market for restaurant meals and delivery meals. Figure 4.1 
- Refer to Figure 4.1.In which direction will the resources flow following a shift in the demand for Restaurant Meals and Delivery Meals as represented by the figure?
A)Resources flow from where they are more highly valued to where they are less highly valued in order to make the consumer better off. 
B)Resources flow from where they are more highly valued to where they are less highly valued in order to reduce prices. 
C)Resources flow from where they are more highly valued to where they are less valued in order to reduce costs. 
D)Resources flow from Restaurant production and sales to Delivery production and sales. 
E)Resources flow to Restaurant production and sales and away from Delivery production and sales.

Quizplus · Accepted Answer

The Answer is D

The Figure Given Below Represents the Equilibrium Price and Output