The Market for Wapanzo Beans

-Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. If it is discovered that wapanzo beans help prevent cancer, then supply will ________ and demand will ________.

Question

The Market for Wapanzo Beans

-Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. If it is discovered that wapanzo beans help prevent cancer, then supply will ________ and demand will ________.

Quizplus · Accepted Answer

The discovery that wapanzo beans help prevent cancer would increase demand (people want more because of the health benefits), moving from Case 2 to Case 1. Supply would not change just because of the discovery; it remains at Case B.