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How would this apple-a-day law affect the demand and

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

a. How would this apple-a-day law affect the demand and equilibrium price of apples?

b. How would the law affect the marginal product and the value of the marginal product of apple pickers?

c. How would the law affect the demand and equilibrium wage for apple pickers?

Reference no: EM13319243

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