The Acai Berry and Products Made from It Are a Popular

question 29

Multiple Choice

The acai berry and products made from it are a popular dietary supplement,believed to reverse diabetes and lead to weight loss.Suppose that a peer-reviewed medical study reveals that there are no health benefits from consuming acai berry products.The likely effect of this medical study will be to ________.

• A) not cause a change in demand but to decrease quantity demanded
• B) not cause a change in demand but to increase quantity demanded
• C) cause a decrease in demand
• D) cause an increase in demand

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Definitions:

Budget

An estimate of income and expenditure for a set period of time.

Cost Function

A relationship in mathematics that outlines how changes in production volume affect the costs associated with production.

Long-run Equilibrium

A state where all factors of production and outputs are variable, and economic agents have fully adjusted to any changes, leading to no further tendency for change.

Demand

Refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.