Answer to Question #142773 in Microeconomics for Sawanpreet Kaur

Question #142773

Consider the market for soft drinks in Canada, where there are over a thousand stores that sell soft drinks at any given moment. Suppose the health authority issues a public warning that consuming soft drinks is not good for health. Holding all other factors constant, what will be the effect on market? Draw a graph and explain.

Expert's answer

people, who carry about their health, decrease their consumption of soft drink or refuse completely of it

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