Suppose a drought reduces the production of brussels sprouts in Australia, but simultaneously a new study finds that they have cancer-curing properties.One would expect:

Question

Quizplus · Accepted Answer

Due to the reduced supply of brussels sprouts, the demand for them will remain the same or increase due to the new study finding that they have cancer-curing properties. This will result in an increase in the price of brussels sprouts.

Suppose a Drought Reduces the Production of Brussels Sprouts in Australia