Suppose That a Severe Freeze Destroys a Sizable Portion of the Lettuce

question 161

Multiple Choice

Suppose that a severe freeze destroys a sizable portion of the lettuce crop.As a result:

• A)quantity supplied will decrease, equilibrium price will increase and, demand will decrease.
• B)supply will decrease, equilibrium price will fall and, demand will increase.
• C)supply will decrease, equilibrium price will increase and, quantity demanded will decrease.
• D)cannot be determined from the information given.

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Definitions:

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