3. A new medical study indicates that eating blueberries helps prevent cancer. If the demand for blueberries increases, what will happen to the size of the consumer surplus and producer surplus? Illustrate your answer by shifting the demand curve appropriately and labeling the new and old areas of consumer and producer surplus.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Consumers, Producers, And The Efficiency Of Markets
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3. A new medical study indicates that eating blueberries helps prevent cancer. If the demand
for blueberries increases, what will happen to the size of the consumer surplus and producer
surplus? Illustrate your answer by shifting the demand curve appropriately and labeling the
new and old areas of consumer and producer surplus.
Transcribed Image Text:3. A new medical study indicates that eating blueberries helps prevent cancer. If the demand for blueberries increases, what will happen to the size of the consumer surplus and producer surplus? Illustrate your answer by shifting the demand curve appropriately and labeling the new and old areas of consumer and producer surplus.
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