Multiple Choice
A beneficial technological change is developed in the production of cranberries.At the same time,scientists discover that cranberries have significant health benefits.This will result in:
A) an increase in both the equilibrium price and quantity in the cranberry market.
B) an increase in the equilibrium quantity and an uncertain effect on the equilibrium price of cranberries.
C) a decrease in both the equilibrium price and quantity in the cranberry market.
D) a decrease in the equilibrium price and an uncertain effect on the equilibrium quantity of cranberries.
Correct Answer:
Verified
Correct Answer:
Verified
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