Suppose a Drought Causes Most Fruit Crops to Fail, Decreasing

question 139

Multiple Choice

Suppose a drought causes most fruit crops to fail, decreasing the amount of available fruit. What changes could we expect to see in the market for fruitcake?

• A) An increase in the supply of fruitcake
• B) A decrease in the supply of fruitcake
• C) An increase in the demand for fruitcake, but no change in the supply of fruitcake
• D) A decrease in the demand for fruitcake, but no change in the supply of fruitcake

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Definitions:

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