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Let D = demand,S = supply,P = equilibrium price,Q = equilibrium quantity.What happens in the market for walnuts if the Centre for Disease Control and Prevention announces that consuming half a cup of walnuts each week helps to lower bad levels of cholesterol?


A) D increases, S no change, P and Q increase
B) S increases, D no change, P decreases, Q increases
C) D and S increase, P and Q decrease
D) D no change, S increases, P decreases, Q decreases

E) B) and C)
F) None of the above

Correct Answer

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