If Good Weather Conditions Result in a Larger Than Normal

question 62

Multiple Choice

If good weather conditions result in a larger than normal crop of peaches, then the

• A)equilibrium price of peaches falls and the equilibrium quantity of peaches decreases.
• B)demand curve for peaches shifts leftward.
• C)equilibrium price of peaches falls and the equilibrium quantity of peaches increases.
• D)equilibrium price of peaches rises and the equilibrium quantity of peaches increases.
• E)increase in the supply of peaches induces a greater demand for peaches, so that the equilibrium price rises and the equilibrium quantity increases.

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Definitions:

Vaccination Rates

The percentage of a population that has received specific vaccines within a given timeframe.

Death Rate

A measure often expressed as the number of deaths per 1,000 individuals per year, used to gauge the mortality level of a population.

Post Hoc

The fallacy of using the fact that one event preceded another as sufficient evidence for the conclusion that the first caused the second.

Fallacy

An incorrect reasoning technique that spoils the legitimacy of an argument.