Multiple Choice
If the U.S. Surgeon General announced that increased grapefruit juice consumption could help prevent heart attacks, what would happen to the equilibrium price and quantity of grapefruit juice?
A) Price increases but quantity decreases.
B) Price and quantity both decrease.
C) Price decreases but quantity increases.
D) Price and quantity both increase.
Correct Answer:
Verified
Correct Answer:
Verified
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