In July 2024
Answer to Question #131129 in Microeconomics for muhammad
Assuming hypothetical equilibrium in Demand/Supply Model of Apples, illustrate impact of following events:
Suppose the Doctors recommend eating Apples every morning.
If the doctors recommend people to consume apples every morning to maintain good health, it means that they will lead to an increase in the demand of for the apples. This will in turn lead to an increase in the price of apples.
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