Suppose scientists in the U.S. find that eating cabbage prolongs life. What would be the effect in this discovery in the market for cabbage in the U.S.?
A. The demand curve for cabbage shifts to the right because as a result of the health reports indicating that cabbage makes you live longer, consumers will want to buy more cabbage at every possible price of cabbage.
B. The demand curve for cabbage shifts to the left because as a result of the health reports indicating that cabbage makes you live longer, consumers will want to buy less cabbage at every possible price of cabbage.
C. There will be a movement along the demand curve for cabbage.
D. The supply curve and the demand curve for cabbage will both flatten out resulting in a higher equilibirum price for cabbage.