In your own word assess the outcome of the following scenario.
The market for apples is elastic and the supply of apples is significant. Today the Surgeon General noted that apples will prevent cancer. What will likely occur in the apple market and why? Think about the impact to supply, demand, elasticity and price. Make sure to explain all of these. You may use graphics to support your answer. These can be hand-drawn and submitted as a picture as well as a scan.
Word count max 550 min 400