In Example $1\mathrm{.}3$LOADING...$,$ what economic forces explain why the real price of eggs has fallen while the real price of a college education has$$ increased?$$

Part $2$

The real price of eggs could have fallen because

Part $3$

A$.$

the demand for eggs has decreased as consumers have shifted to$$ lower$-$cholesterol foods.

B$.$

the supply of eggs has increased with improvements in egg production technology.

C$.$

the supply of eggs has increased as the cost of producing eggs has increased.

D$.$

the demand for eggs has decreased as the cost of producing eggs has increased.

E$.$

Both A and B are correct.

Part $4$

The real price of a college education could have risen because

Part $5$

A$.$

the demand for a college education has increased as more people have recognized the value of an education.

B$.$

the supply of college education has increased as the cost of faculty salaries has decreased.

C$.$

the demand for a college education has decreased due to tastes and preferences.

D$.$

the supply of college education has increased as the cost of staff salaries has increased.

E$.$

Both A and B are correct.

Part $6$

Have these changes affected consumer$$ choice?

Part $7$

A$.$

Yes. Consumers are affected by real price changes.

B$.$

Yes. Consumers are affected by nominal price changes.

C$.$

No$.$ Consumer demand is elastic.

D$.$

No$.$ Consumers are not affected by real and nominal price changes.

E$.$

No$.$ Consumers are affected by relative and nominal price changes.