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Question
Suppose a news is being circulated which states that noodles contain harmful chemical preservatives. What will be the impact of the news on the demand for noodles? Explain using diagram.
Diagram
Explain
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Solution
The news that noodles contain harmful chemical preservatives will create health concerns among consumers. As a result, consumers may develop an unfavourable preference for noodles, leading to a decrease in demand, even when their price remains unchanged.
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