Suppose it is discovered that consumption of butter leads to a longer life. This information would lead to
A)an increase in quantity demanded.
B)an increase in demand.
C)a decrease in quantity demanded.
D)a decrease in demand.

Question

Quizplus · Accepted Answer

The information that consumption of butter leads to a longer life would lead to an increase in demand as people would be willing to pay more for butter, leading to an increase in both quantity demanded and price.

Suppose It Is Discovered That Consumption of Butter Leads to a Longer