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.
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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
b. A decrease in equilibrium price and an increase in
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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