Using the Supply and Demand Model, What Is the Best

question 115

Multiple Choice

Using the supply and demand model, what is the best way to show the effects on the plywood market of households preparing for a hurricane? (Note: people use plywood to board up their homes to protect them from damage from a hurricane.)

• A) Supply curve shifted to the right, demand curve did not shift.
• B) Demand curve shifted to the right, supply curve did not shift.
• C) Both supply and demand curves shifted to the right.
• D) Supply curve moved right and demand curve shifted to the left.

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Definitions:

State

An organized political community living under a government; often refers to the government itself or to the territory the government controls.

Band Society

A small, kinship-based group of foragers who hunt and gather for their living.

Conflict

A struggle or clash between opposing forces, ideas, interests, or individuals, often resulting in tension or dispute.

Rebellions

Acts of violent or non-violent resistance against established authorities or governments, typically in an effort to enact change.