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As stated in the previous question, a COVID-19 antibody test helps determine whether someone had been infected by the novel coronavirus. The FDA initially let
As stated in the previous question, a COVID-19 antibody test helps determine whether someone had been infected by the novel coronavirus. The FDA initially let manufacturers distribute antibody tests that had not been approved by the FDA. Assuming a downward sloping demand curve for antibody tests, and assuming consumers know the antibody tests have not been approved by the FDA and assuming consumers have a hard time distinguishing between low- and high-quality antibody tests, then as compared with the normal FDA policy that tests need to be approved by the FDA prior to being marketed, this more-lenient FDA policy causes the demand for antibody tests to _____. Group of answer choices Decrease (shift left) Stay the same Increase (shift right)
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