1. Suppose that a scientific study reports that orange foods are more likely to cause cancer, which causes demand to permanently decrease, similarly in orange juice (treat as perfectly competitive) and Cheetos (treat as monopolized). 22. Refer to Scenario 1. The price of oranges will be lower than their original price A. in both short and long run. B. only is demand is more elastic than supply. C. in the short run only. D. in the long run only. E. in neither short nor long run. 23. Refer to Scenario 1. The price of Cheetos will be lower than their original price A. in the short run only. B. in both short and long run. C. in the long run only. D. only is demand is more elastic than marginal cost. E. in neither short nor long run.