Suppose a Drought Resulted in a Major Reduction in the California

question 40

Multiple Choice

Suppose a drought resulted in a major reduction in the California lettuce crop.In the market for lettuce

• A)the supply curve shifted to the left resulting in an increase in the equilibrium price.
• B)the supply curve shifted to the left resulting in a decrease in the equilibrium price.
• C)the demand curve shifted to the right resulting in an increase in the equilibrium price.
• D)the demand curve shifted to the left resulting in a decrease in the equilibrium price.

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Definitions:

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A quality that involves persistence, determination, and resilience in the pursuit of long-term goals despite challenges or failures.