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An economy produces hot dogs and hamburgers. If a discovery of the remarkable health benefits of hot dogs were to change consumers preferences, how might
An economy produces hot dogs and hamburgers. If a discovery of the remarkable health benefits of hot dogs were to change consumers preferences, how might that change the production possibilities frontier? Would it expand the production possibilities frontier (shift right)? Would it contract the production possibilities frontier (shift left)? Would it move the economy along the existing production possibilities frontier? Would it move the economy inside the production possibilities frontier?
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