ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Consumers are told that the consumption of cauliflower will significantly reduce the risk of cancer. Which of these scenarios is likely to happen in the cauliflower market?
A) The supply curve will shift to the right, causing the price of cauliflower to rise.
B) The supply curve will shift to the right, causing the price of cauliflower to fall.
C) The demand curve will shift to the right, causing the price of cauliflower to rise.
D) The demand curve will shift to the left, causing the price of cauliflower to fall.
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