There Is an Increase in the Price of Broccoli Because

question 52

Multiple Choice

There is an increase in the price of broccoli because of the disastrous weather that destroyed half of this year's spinach crop.Choose the statement that is correct.

• A)The demand curve for broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is positive.
• B)The demand curve for broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.
• C)The supply curve of broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is positive.
• D)The supply curve of broccoli shifted rightward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.
• E)The demand curve for broccoli shifted leftward and the cross elasticity of demand for broccoli with respect to the price of spinach is negative.

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Definitions:

Permanent

Describes something that is intended to exist or last indefinitely without change, ending, or expiry.

Extended Family

Expands the nuclear family “vertically” by adding another generation—one or more of the spouses’ parents—to the household.

Same Household

Refers to individuals who reside in the same dwelling, sharing living quarters and daily lives, often related by blood, marriage, or legal ties.

Grandparents

The parents of one's parents, who can play various roles in the family structure, from caregivers to sources of wisdom and tradition.