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 and quantity both increase.
B) Price and quantity both decrease.
C) Price increases but quantity decreases.
D) Price decreases but quantity increases.
Correct Answer:

Verified
Correct Answer:
Verified
Q259: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q260: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table
Q261: In 2014, the price of peanuts was
Q262: Each point on a supply curve represents<br>A)
Q263: What is the law of demand?
Q265: An unusually warm winter shifts the<br>A) supply
Q266: After 2009, the price of tablets fell
Q267: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table shows
Q268: An increase in the demand for computers
Q269: The law of demand states that the