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lstar1993 lstar1993
wrote...
Posts: 498
5 years ago
Let D = demand, S = supply, P = equilibrium price, and Q= equilibrium quantity. What happens in the market for walnuts if the Centers for Disease Control and Prevention announces that consuming a half cup of walnuts each week helps to lower levels of bad cholesterol?

D increases, S no change, P and Q increase.

S increases, D no change, P decreases, Q increases.

D and S increase, P and Q decrease.

D no change, S increases, P decreases, Q decreases.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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samah952samah952
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Posts: 367
5 years ago
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lstar1993 Author
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5 years ago
Brilliant
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This site is awesome
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