Which of the Following Shifts the Supply Curve of Broccoli

question 414

Multiple Choice

Which of the following shifts the supply curve of broccoli?

• A) an increase in income
• B) a newly discovered increase in the nutritional value of broccoli
• C) a newly discovered link between broccoli consumption and tooth decay
• D) the destruction of much of this year's broccoli crop by hurricanes

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Definitions:

Fed

The Federal Reserve System, which is the central banking system of the United States responsible for monetary policy.

Interest Rate

The interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Currency

The system of money in general use in a particular country, facilitating the buying and selling of goods and services.

Federal Funds Rate

The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis, which is determined by the Federal Reserve in the United States.