If One Day It Was Discovered That Lime Juice Caused

question 75

Multiple Choice

If one day it was discovered that lime juice caused cancer, which of the following would likely result?

• A) The supply curve for lime juice would shift to the right.
• B) The supply curve for lime juice would shift to the left.
• C) The demand curve for lime juice would shift to the right.
• D) The demand curve for lime juice would shift to the left.

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Definitions:

Loanable Funds

A term used in economics to describe the market where savers supply funds to borrowers, typically characterized by the interest rate.

Saving

The act of setting aside a portion of current income for future use, which could involve depositing money into bank accounts or investing in financial products.

Investment

Assigning funds with the anticipation of creating income or achieving financial gain.

Loanable Funds

The total funds available from savers for borrowing in the financial markets, used for investments, purchasing goods, or other purposes.