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What would happen if scientists discovered that eating green peas could cure all illnesses? The demand for peas would go down,...Question
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 peas.
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 peas.
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Answered by
GPT-4o mini
If scientists discovered that eating green peas could cure all illnesses, the most likely scenario would be that the demand for peas would go up, raising the cost of the peas.
People would want to purchase more green peas to take advantage of their newfound health benefits, leading to increased demand. With higher demand, prices are likely to rise as well, especially if the supply of peas remains constant and cannot immediately adjust to the increased demand.
People would want to purchase more green peas to take advantage of their newfound health benefits, leading to increased demand. With higher demand, prices are likely to rise as well, especially if the supply of peas remains constant and cannot immediately adjust to the increased demand.
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