Suppose that the american heart association has determined, Ask an Expert

Economics

Suppose that the American Heart Association has determined that pistachios are extremely heart healthy and can lower bad cholesterol levels.

1. Is the information likely to cause a shift in demand or supply?

2. What will happen to price?

3. In the short run, how will a perfect competitor react to the new price?

4. What will happen to the market price in the long run?

5. Why do you expect this to happen?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91343610

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