business question

Question 8: Consider the market for cereal in San Francisco, where there are over a thousand stores that sell cereal at any given moment. Suppose the Surgeon General issues a public statement saying that consuming cereal is bad for your health. Holding all else constant, this will lead to a:
a) Change in Demand
b) Change in Supply
c) Change in Demand and Change in Supply
d) No change in Demand and SupplyQuestion 9: Consider the market for hamburgers in Dallas, where there are over a thousand burger joints at any given moment. Suppose an innovation in meat processing technology makes it possible to produce more hamburgers at a lower cost than ever before. Holding all else constant, this will lead to a:
a) Change in Demand
b) Change in Supply
c) Change in Demand and Change in Supply
d) No change in Demand and Supply Requirements: enough

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