A Decrease in Supply Will Cause the Largest Increase in Price

question 134

Multiple Choice

A decrease in supply will cause the largest increase in price when

• A)both supply and demand are inelastic.
• B)both supply and demand are elastic.
• C)demand is elastic and supply is inelastic.
• D)demand is inelastic and supply is elastic.

---

Definitions:

Pore Spaces

Voids or gaps found within soil or rock, where air or fluid can be stored.

Leaching

The process by which dissolved materials are washed away or carried with water down through the various layers of the soil.

Rhizobacteria

Beneficial bacteria that reside in the soil close to plant roots, often enhancing plant growth or protecting against pathogens.

Nod Factors

Signaling molecules produced by rhizobial bacteria that play a crucial role in the establishment of symbiosis with leguminous plants, leading to the formation of nitrogen-fixing nodules.