Ask Question
BusinessBusiness
23 August, 18:54

A new medical report informs the public that eating carrots improves vision. Which of the following outcomes is more likely to happen? a. demand for carrots will increase, but their price will decreaseb. both demand for carrots and their price will decreasec. both demand for carrots and their price will increased. demand for carrots will decrease, but their price will increasee. demand for carrots will increase, but their price will not change

+3
Answers (1)
  1. 23 August, 19:06
    0
    The correct answer is the option C: Both demand for carrots and their price will increase.

    Explanation:

    To begin with, the theory of suppy establishes that there a direct proportional relationship between the supply of a good and its price, stating that if a the price of a product increases then the supply of it will increase as well.

    Secondly, in the case where a particular element encourages people to increase the demand of a good, that action will impact in the rise of the price as well due to the fact that if the supply runs out of the good because of the demand, then it will increases its supply and inmediately the price of that good will increase as well.

    However, to clarify, all that scenario is possible in a competitive market such as the carrots markets and where no other elements vary their value.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A new medical report informs the public that eating carrots improves vision. Which of the following outcomes is more likely to happen? a. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Assume that Jane's marginal propensity to consume equals 0.8, and that in 2004 Jane spent $36,000 from her disposable income of $40,000. If her disposable income in 2005 increased to $50,000, her consumption spending increased by:
Answers (1)
In some years, weather patterns have caused there to be few fish in local lakes, and anglers have gone elsewhere. also, invasive carp are threatening the lakes and may someday cause fish stocks to drop indefinitely.
Answers (1)
Max had $623.22 in his checking account, and a check that he wrote to his landlord for $625.00 was just deposited. This will result in which of the following fees? A. Overdraft fee B. Service fee C. ATM fee D. Overdrawn fee it a or d
Answers (2)
Anita Job is the new Treasury Secretary and she is trying to interpret the inflation measures for two consecutive years. In Year 1, the aggregate price level increased by 8% and in Year 2, the aggregate price level increased by 5%.
Answers (1)
Keeping long-term customers is more beneficial than continually acquiring new customers because:
Answers (1)
New Questions in Business
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is A) following an expansionary monetary policy. B) following a contractionary monetary policy.
Answers (1)
Which types of food items have labor "built in" to their prices? a. make or buy items b. convenience items c. scratch items d. standard items?
Answers (2)
Home » Business » A new medical report informs the public that eating carrots improves vision. Which of the following outcomes is more likely to happen? a. demand for carrots will increase, but their price will decreaseb.
Sign Up Forgot Password?