Consider the demand for antibiotic-free eggs. For each of the following scenarios, identify whether the market would experience a change in quantity demanded or a change in demand, and specify the direction of the change.
a. A major news article is published, which shows that eating antibiotic-free eggs is much healthier than eating eggs from farms where antibiotics are used.
b. Where there used to be just one producer of antibiotic-free eggs, now several new producers of antibiotic-free eggs also begin to supply eggs to supermarkets in the region. This causes a fall in the price of antibiotic-free eggs.
c. The price of eggs produced using antibiotics falls significantly.

Question

Quizplus · Accepted Answer

The Answer of Consider the demand for antibiotic-free eggs. For each of the following scenarios, identify whether the market would experience a change in quantity demanded or a change in demand, and specify the direction of the change.
a. A major news article is published, which shows that eating antibiotic-free eggs is much healthier than eating eggs from farms where antibiotics are used.
b. Where there used to be just one producer of antibiotic-free eggs, now several new producers of antibiotic-free eggs also begin to supply eggs to supermarkets in the region. This causes a fall in the price of antibiotic-free eggs.
c. The price of eggs produced using antibiotics falls significantly.

Consider the Demand for Antibiotic-Free Eggs