There is an increase in the number of adverts highlighting the danger of consuming sugar. Which of the following is likely to occur in the market for sugarless sweets, as a result of this? a. An increase in both the equilibrium price and quantity traded b. A decrease in equilibrium price and an increase in equilibrium quantity traded. c. A decrease in both the equilibrium price and quantity traded.  d. An increase in the equilibrium price and a decrease in the equilibrium quantity traded.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
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Problem 53P: Table 3.8 shows information on the demand and supply for bicycles, where the quantities of bicycles...
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There is an increase in the number of adverts highlighting the danger of consuming sugar. Which of the following is
likely to occur in the market for sugarless sweets, as a result of this?

a. An increase in both the equilibrium price and quantity traded

b. A decrease in equilibrium price and an increase in equilibrium quantity traded.

c. A decrease in both the equilibrium price and quantity traded. 

d. An increase in the equilibrium price and a decrease in the equilibrium quantity traded.

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