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Business, 25.02.2020 00:48 marusiaturanova2004

Suppose the market for "soda X" is in equilibrium.
If the FDA announced today that this soda has been proven to cause a fatal disease, what would be most likely to happen to the equilibrium price and equilibrium quantity of soda X?

a. Price increases and quantity increases
b. Price decreases and quantity increases
c. Price increases and quantity increases
d. Price decreases and quantity decreases
e. No change in price and quantity

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Answers: 1

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Suppose the market for "soda X" is in equilibrium.
If the FDA announced today that this soda...
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