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Suppose that the president proposes a new law aimed at reducing healthcare costs. All americans are required to eat one apple daily

Sagot :

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If the President should sign such a law in place the effect would be:

  • A. The value of the marginal product of apple pickers increases.
  • B. The equilibrium price of apples increases.
  • E. The marginal product of apple pickers increases.

What would be the effect of the Presidents policy on the economy?

By asking that the consumption of apples be increased, it would lead to a rise in the demand for apples in the country.

When this happens, it means that the revenue of apple growers would rise in the country due to increased demand.

Complete question:

Suppose that the president proposes a new law aimed at reducing healthcare costs: All Americans are required to eat one apple daily.

Which of the following statements correctly describes the effect of this apple-a-day law? Check all that apply.

A. The value of the marginal product of apple pickers increases.

B. The equilibrium price of apples increases.

C. The demand for apples remains unchanged.

D. The demand for apple pickers remains unchanged.

E. The marginal product of apple pickers increases.

F. The wage of apple pickers increases

Read more on demand here: https://brainly.com/question/1245771

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