Question
The ketogenic diet becomes trendy (it incites to eat more heart-healthy fats as in avocado). How will this event affect the equilibrium price and quantity
The ketogenic diet becomes trendy (it incites to eat more heart-healthy fats as in avocado). How will this event affect the equilibrium price and quantity of avocado at equilibrium?Select one:
a. This event is a supply shifter and will result in an increase in both quantity and price of avocado at equilibrium.
b. This event is a demand shifter and will result into a decrease in both quantity and price of avocado at equilibrium.
c. This event is a demand shifter and will result into an increase in both quantity and price of avocado equilibrium.
d. This event is a supply shifter and will result into a decrease in both quantity and price of avocado
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
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