A beneficial technological change enhances the production of cranberries.At the same time, scientists discover the health benefits of cranberries.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 impact 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 impact on the equilibrium quantity of cranberries.

Question

Quizplus · Accepted Answer

The Answer of A beneficial technological change enhances the production of cranberries.At the same time, scientists discover the health benefits of cranberries.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 impact 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 impact on the equilibrium quantity of cranberries.

A Beneficial Technological Change Enhances the Production of Cranberries