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11 October, 10:52

U. S. Craft Beer Bolsters U. K. Hop Production btle taste of UK. hop varieties U. K. hop farmers stepped up production in response to a rapid growth of U. S. craft beer production, U. S. craft beer makers prefer the s Describe the changes in the market for U. S. craft beer. An increase in is occurring in the market for u s. craft beer A. supply and an increase in the quantity demanded B. demand and an increase in the quantity supplied C. supply and a decrease in demand D. supply and an increase in demand

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  1. 11 October, 13:10
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    The correct answer is letter "A": supply and an increase in the quantity demanded.

    Explanation:

    U. S. craft beer production has increased, thus, the supply of craft beer is increasing. If the supply increases, the price of craft beer decreases. By demand law, if the prices of a craft beer drop, the quantity demanded for craft beer are likely to be incremented.
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