Question

Following the release of a new study showing even more benefits to eating broccoli economists expect...

Following the release of a new study showing even more benefits to eating broccoli economists expect *

that both the price and quantity of broccoli will decrease.

a shortage of broccoli until the price rises.

a surplus of broccoli until the price falls.

the supply of broccoli will increase immediately.

Homework Answers

Answer #1

From the given statement it can be said that eating broccoli will leads to more benefit then it will cause more demand in the market and there is a shift of demand curve to the right

when there is excess demand as compare to supply in the market then this will lead to shortage of broccoli until the price rises to the equilibrium

a surplus generated when there is more supply as compared to demand

so the correct answer here is option B

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