Advanced Placement (AP), 27.07.2021 22:40 chaanah
For each of the following, tell what the market outcome is (i. e., what happens to the P and Q.) Your answer choices are: increase, decrease, or indeterminate.
A. In the market for milk, consumers learn drinking more milk makes you healthier. At the same time, technology increases the production of milk.
B. In the market for applesauce, great weather helps increase the growth of apples. At the same time, consumers reduce their demand for applesauce.
C. In the market for houses, a hurricane wipes out most of the trees. At the same time, consumers become fearful of a downturn in the economy.
D. In the market for honey, extremely cold weather hits bee colonies. At the same time, doctors say that eating honey prolongs life.
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For each of the following, tell what the market outcome is (i. e., what happens to the P and Q.) You...
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