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The product is multi-vitamin pills . Suppose the National Institutes of Health publishes a study finding that your product reduces the probability of getting a
The product is multi-vitamin pills . Suppose the National Institutes of Health publishes a study finding that your product reduces the probability of getting a cancer. How do you imagine this will affect the market for product? Why? Which determinant of demand or supply is being affected? Show graphically with before- and after-curves on the same axes. How will this change the equilibrium price and quantity of your product? Explain your reasoning
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