In 2011, Floods Damaged a Large Portion of the Wheat

question 31

Multiple Choice

In 2011, floods damaged a large portion of the wheat crop in the prairie provinces.As a result of this, many farmers were not able to supply wheat to the market.As a result of the flooding, what would we expect to see in the market for wheat at the original equilibrium price

• A)a surplus of wheat.
• B)the quantity demanded equal to the quantity supplied.
• C)a shortage of wheat.
• D)an increase in the demand for wheat.

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Definitions:

Predicting Wrongdoing

The process of using information or trends to forecast unethical or illegal activities.

Ethical Focus

The prioritization of moral values and principles in decision-making processes, often within a business or organizational context.

Privacy

The right of individuals to keep their personal information secure and free from unauthorized access.

Predictive Analytics

The use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.