An Insect That Is Resistant to Currently Used Pesticides Has

question 263

Multiple Choice

An insect that is resistant to currently used pesticides has infested the cotton crop, and this year's crop is only half of what was produced last year. You accurately predict that this

• A) will shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the demand for cotton will fall.
• B) will shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease.
• C) will shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease.
• D) will shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the demand for cotton will fall.

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Definitions:

Pounds

A unit of currency used in the United Kingdom and other territories.

Comparative Advantage

An economic principle that refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another.

Rice

A staple grain consumed worldwide, serving as a primary food source for a large portion of the global population.

Pounds

A unit of weight commonly used in the British imperial and United States customary systems, or the currency of the United Kingdom.