A Beneficial Technological Change Is Developed in the Production of Cranberries.At

question 235

Multiple Choice

A beneficial technological change is developed in the production of cranberries.At the same time,scientists discover that cranberries have significant health benefits.This will result in:

• A)an increase in both the equilibrium price and quantity in the cranberry market.
• B)an increase in the equilibrium quantity and an uncertain effect on the equilibrium price of cranberries.
• C)a decrease in both the equilibrium price and quantity in the cranberry market.
• D)a decrease in the equilibrium price and an uncertain effect on the equilibrium quantity of cranberries.

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Definitions:

Narcotic

Substances that bring relief from pain and induce sleep, often associated with dependency or addiction potential.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, often used recreationally for its euphoric effects but illegal and associated with serious health risks.

Willingness

The quality or state of being prepared to do something; readiness.

Disinhibition

Disinhibition is a reduction in restraint or inhibition which can lead to impulsive actions that may seem out of character under normal circumstances.