Question #81377

Suppose that as a result of the listeriosis outbreak, the department of health has warned against the consumption of Viennas. Explain using a properly labelled diagram, the effect of this in the market for Viennas, ceteris paribus

Expert's answer

Answer on Question 81377-Economics - Microeconomics

Suppose that as a result of the listeriosis outbreak, the department of health has warned against the consumption of Viennas. Explain using a properly labeled diagram, the effect of this in the market for Viennas, ceteris paribus



Answer.

The demand decreases, and both equilibrium price and quantity fall.

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