Use the following to answer question(s): The Determinants of Demand and Supply

-(Exhibit: The Determinants of Demand and Supply) The exhibit shows how supply and demand might shift in response to specific events.Suppose scientists discover that eating a tomato a day prevents aging.Which panel best describes how this will affect the market for tomatoes?

Question

Use the following to answer question(s): The Determinants of Demand and Supply
 
-(Exhibit: The Determinants of Demand and Supply) The exhibit shows how supply and demand might shift in response to specific events.Suppose scientists discover that eating a tomato a day prevents aging.Which panel best describes how this will affect the market for tomatoes?

Quizplus · Accepted Answer

Panel (c) best describes how the market for tomatoes will be affected by the discovery that eating a tomato a day prevents aging. This is because the discovery would increase the demand for tomatoes, as more people would want to consume them for their health benefits. This is represented by a rightward shift in the demand curve, with no initial change in the supply curve.

Use the Following to Answer Question(s): the Determinants of Demand