13.Which of the following will NOT reduce actual consumption of premium Ice Cream?
- An excise tax of $0.50 on every pint of ice cream.
- Increased consumer fears about the danger of sugar.
- An effective price ceiling of $1.00 imposed by the government.
- An effective price floor of $5.00 imposed by the government.
- An increase in the price of frozen yogurt, (a substitute for ice
|Supply and Demand for Ice Cream