Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
A→B→C→D
B
C→A→D→B
C
A→C→D→B
D
D→B→A→C
Understanding the Answer
Let's break down why this is correct
Answer
First, medical researchers discover that eating peaches can lower cancer risk, which makes more people want to buy peaches. This increased interest causes the demand curve for peaches to shift to the right, meaning more peaches are in demand at every price. As demand rises, peach farm workers may feel they deserve higher wages due to the growing market, leading to their demands for increased pay. If farmers agree to pay the higher wages, their production costs go up, which can cause the supply curve for peaches to shift to the left, indicating that fewer peaches are available at previous prices. Overall, these events show how a positive health finding can change both demand and supply in the peach market.
Detailed Explanation
First, researchers find that peaches can help reduce cancer risk. Other options are incorrect because This order suggests that workers' wage demands come before the health benefits of peaches; This option places the wage demands before the health discovery.
Key Concepts
Supply and Demand
Market Equilibrium
Price Determination
Topic
Supply and Demand Analysis
Difficulty
hard level question
Cognitive Level
understand
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.