What would happen if scientists discovered that eating green peas could cure all illnesses?

The demand for peas would go down, and the price would stay the same.

The demand for peas would go up, raising the cost of the peas.

The demand for peas would stay the same, but prices would go down.

The demand for the peas would go down, raising the cost of the pea

1 answer

If scientists discovered that eating green peas could cure all illnesses, the most logical outcome would likely be that the demand for peas would go up, raising the cost of the peas.

As people would want to consume green peas to improve their health and potentially cure illnesses, the increased demand would likely drive up the price. Consequently, producers could respond by increasing supply, but the initial surge in demand would still likely result in higher prices in the short term.