Suppose There Is an Earthquake That Destroys Several Seaside Resorts

question 62

Multiple Choice

Suppose there is an earthquake that destroys several seaside resorts. Which of the following would NOT occur as a direct result of this event?

• A) Sellers would not be willing to produce and sell as much as before at each relevant price.
• B) The supply would decrease.
• C) Buyers would not be willing to buy as much as before at each relevant price.
• D) The equilibrium price would rise.

---

Definitions:

Quiet Witnesses

Observers or evidence that offer indirect testimony or clues in a situation without actively participating or making noise.

Hypothetical

An imagined situation or scenario often used for discussion or to illustrate a point.

Treatment

The process of providing medical care or therapy to address a health issue or injury.

Injuries

Physical harm or damage to a person's body caused by an accident or violence.