Several Studies Have Shown Promising Links Between Green Tea Consumption

question 33

Multiple Choice

Several studies have shown promising links between green tea consumption and cancer prevention.How does this affect the market for green tea?

• A)The quantity of green tea demanded increases because of a change in tastes in favor of green tea.
• B)The green tea demand curve shifts to the right because of a change in tastes in favor of green tea.
• C)The green tea demand curve shifts to the left because this new information will increase the price of green tea.
• D)The quantity of green tea demanded decreases because this new information will increase the price of green tea.

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Definitions:

Budget Constraint

The limitations on the consumption bundle that a consumer can afford given their income and the prices of goods and services.

Household's Income

The total annual income received by all members of a household, including wages, salaries, benefits, and other sources of income.

Homogeneous Products

Goods that are identical in quality and cannot be distinguished from one another by consumers.

Budget Constraint

A Budget Constraint outlines the combinations of goods and services that a consumer can purchase given their limited income and the prices of these goods and services.