When a Major Hurricane Is Predicted in the Southern United

question 27

Multiple Choice

When a major hurricane is predicted in the southern United States, which product do people stock up on the most?

• A) Blankets
• B) Beer
• C) Flashlights
• D) Pop- Tarts
• E) Water

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Supply Curve

A visual depiction showing the connection between a product's price and the amount available for supply.

Supply Curve

An illustrated chart that maps the link between the cost of a commodity and how much of it is produced.

Apartments

Residential units within a building or complex that are owned or rented for living purposes.