1. Which of the following describes what will happen in the market for tomatoes if a salmonella...

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1. Which of the following describes what will happen in the market for tomatoes if a salmonella outbreak is attributed to tainted tomatoes?

a. Supply will increase and price will increase.

b. Supply will increase and price will decrease.

c. Demand will decrease and price will increase.

d. Demand will decrease and price will decrease.

e. Supply and demand will both increase.

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Related Book For  book-img-for-question

Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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