Assume a Drought in the Great Plains Reduces the Supply

question 305

Multiple Choice

Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread, and potatoes are a consumer substitute for bread, we would
Expect the price of wheat to

• A) rise, the supply of bread to increase, and the demand for potatoes to increase.
• B) rise, the supply of bread to decrease, and the demand for potatoes to increase.
• C) rise, the supply of bread to decrease, and the demand for potatoes to decrease.
• D) fall, the supply of bread to increase, and the demand for potatoes to increase.

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Definitions:

Angelina Grimkè

A 19th-century American abolitionist and suffragist known for her advocacy against slavery and for women's rights, part of the notable Grimké sister duo.

South

A term often used to refer to the southern part of a country or region, but in the context of the United States, typically associated with the states that seceded during the Civil War.

Newspaper Publishing

The activity of producing and distributing printed periodicals that contain news, information, and advertising on a regular basis, ranging from daily to weekly publications.

1830s

The decade running from January 1, 1830, to December 31, 1839, known for political, social, and technological changes worldwide.