If a Drought Destroyed Half of the French Garlic Crop

question 9

Multiple Choice

If a drought destroyed half of the French garlic crop at a time when the health benefits of garlic were being well publicized, economists would expect that in the market for garlic

• A) quantity exchanged would rise but the change in price is uncertain without further information.
• B) price would rise but the change in quantity exchanged is uncertain without further information.
• C) both price and quantity exchanged would rise.
• D) price would rise and quantity exchanged would fall.

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