Social Studies, 18.11.2020 01:40 Lizzy527663

Synthesize Devise a fictional scenario in which advertising results in a shift in the demand curve for a product. Then, explain how the market reacted to re-establish equilibrium. I need the answer quickly please and thank you

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Answer from: jaxheisjax532

Let's pretend the product is tomatoes.

Tomatoes are much healthier than previously assumed, according to a new scientific research from a prestigious institution, and they can help prevent and treat illnesses like diabetes.Tomato growers promptly publicize these discoveries in new advertisements, increasing tomato demand and pushing the supply curve to the right.

Because of the premium cost, suppliers will be much more motivated to plant and produce fewer tomatoes than it was before, and they will be able to fulfil demand in a relatively short period of time, implying that producers and consumers will find a new balance under the current, higher price.

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Answer from: asaadasaadasaad6524

Suppose that the product is tomatoes.

A new scientifc study from a renowned university finds that tomatoes are even healthier than thought before, and that they help prevent and treat diseases like diabetes.

Tomato producers quickly advertise these findings in new ads, which raises the demand for tomatoes, shifting the demand curve to the right.

This will cause the price of tomatoes rise as well, because demand is now higher. Suppliers will become more motivated to cultivate and produce more tomatoes than before because of the higher price, and in a relatively short time they will produce enough to meet demand, meaning that supply and demand will reach a new equilibrium under the new, higher price.

Answer from: Quest

what group of people depend on what yoy are talking i will still you once you tell me what group of people you are talking about : )

i think i know what group you are talking about so the brahmins

Answer from: Quest

the packers and the chiefs played in the first super bowl, which was held in los angeles in 1967. -is the sentence that would stand out the most when scanning a paragraph.

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Synthesize Devise a fictional scenario in which advertising results in a shift in the demand curve f...

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