Assume that the government raises taxes on restaurants serving foods high in trans fat and saturated fats and people have found out that  foods high in trans fats and saturated fats are harmful to one's health.  What is the effect of this on the demand and supply curves in the market for fastfoods?  The demand shifts left and supply shifts right   B.   The demand and supply curve shift right        C.  The supply shifts left and demand shifts right     D. The supply and demand shift left

Managerial Economics: A Problem Solving Approach
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ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Chapter8: Understanding Markets And Industry Changes
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Assume that the government raises taxes on restaurants serving foods high in trans fat and saturated fats and people have found out that  foods high in trans fats and saturated fats are harmful to one's health.  What is the effect of this on the demand and supply curves in the market for fastfoods? 

The demand shifts left and supply shifts right

  B.

 

The demand and supply curve shift right 

 

 

  C.

 The supply shifts left and demand shifts right

 

  D.

The supply and demand shift left

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