Question
Suppose the market for blueberries is described by the supply curve Q S = -500 + 5000P and the market demand curve is Q D
Suppose the market for blueberries is described by the supply curve QS= -500 + 5000P and the market demand curve is QD= 19,000 -1500P.Then suppose new information is revealed about the health benefits of blueberries and this information changes the demand curve to QD=25,500-1500P.
How much does the revelation of this informationchangethe market price of blueberries?
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
