According to the example in the? book, medical research has shown that grapefruit juice can adversely affect the effectiveness of certain medications. This is likely to affect the demand for grapefruit because
A. the number of grapefruit sellers will decrease.
B. people will buy less grapefruit because their incomes have increased.
C. people will buy less grapefruit because their tastes and preferences have changed.
D. the prices of oranges will change.
Answer: A. the number of grapefruit sellers will decrease.
Economics
You might also like to view...
An oligopoly between two firms is called
A) a duopoly. B) an oligopoly; there are no special terms used for oligopolies with different numbers of firms. C) a biopoly. D) a dual-firm oligopoly.
Economics
Because more than half the federal welfare budget goes for health care, almost zero U.S. residents lacked health insurance in 2006
a. True b. False
Economics