Question: PLEASE PLEASE PLEASE HELP WITHIN 20 MINS ASAP: THANK YOU A BUNCH. Suppose the market for blueberries is described by the supply curve Q S
PLEASE PLEASE PLEASE HELP WITHIN 20 MINS ASAP: THANK YOU A BUNCH.
Suppose the market for blueberries is described by the supply curve QS = -500 + 5000P and the market demand curve is QD = 19,000 - 1500P. Then suppose new information is revealed about the health benefits of blueberries and this information changes the demand curve to QD = 25,500 - 1500P.
How much does the revelation of this information change the market price of blueberries? Please submit one number as your answer.
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