Question 3 of 3 Our examination of demand began with the assumption that all oth

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Question 3 of 3 Our examination of demand began with the assumption that all other factors (beyond price) that affect demand are held constant: tastes, all other prices, and a variety of other factors. Now, we assume a change in one of those factors, consumer tastes and preferences. Specifically, assume that tomatoes are shown to lower cholesterol levels when consumed in large quantities.How will the demand curve for tomatoes shift? Go to 4:04 O A. It will pivot upward, to the right, with the same intercept on the price axis. O B. It will pivot outward, to the right, with the same intercept on the quantity axis. ° C. It will shift to the right, in a parallel fashion. O D. Demand will increase, but It is impossible to determine precisely how the curve will shift

Explanation / Answer

If tomatoes are shown to lower cholesterol levels, then it will make consumers prefer more tomatoes. Then at any given price levels the consumer will demand more tomatoes. Thus this will cause the demand curve to shift to the right in a parallel fashion.

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