A Medical Society publishes a study that red meat contributes to heart disease. What curve shifts
A Medical Society publishes a study that red meat contributes to heart disease. What curve shifts
Homework Answers
The demand curve will shift.
The supply curve depends on the price of inputs and hence it will
not shift. The demand curve however depends on the benefits to the
consumer, when the study is published that red meat contributes to
heart disease, the benefits of red meat will decrease to the
consumer and the consumers will be willing to buy less red meat at
the same price than before, Hence the demand curve will shift
left(down).
Hope it's clear. Do ask for any clarifications required.
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A Medical Society publishes a study that red meat contributes to
heart disease. What curve shifts
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