Suppose There Is an Earthquake That Destroys Several Seaside Resorts

question 62

Multiple Choice

Suppose there is an earthquake that destroys several seaside resorts. Which of the following would NOT occur as a direct result of this event?

• A) Sellers would not be willing to produce and sell as much as before at each relevant price.
• B) The supply would decrease.
• C) Buyers would not be willing to buy as much as before at each relevant price.
• D) The equilibrium price would rise.

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Definitions:

Mass-Media Product

Content such as news, entertainment, or advertising, produced and disseminated via mass media outlets like television, radio, and the internet.

Prime-Time Television

The block of time, usually in the evenings, when television audiences are largest, and broadcasters schedule their most popular programs.

Messages

Units of communication intended to convey information, ideas, or feelings from a sender to a recipient, across various mediums and formats.

Unwind

The process of relaxing or de-stressing, often by engaging in leisurely activities or taking a break from routine tasks and responsibilities.