-The Above Figure Shows the Supply and Demand Curves for Rice

question 35

Multiple Choice

-The above figure shows the supply and demand curves for rice in the U.S.and Japan.Assume there is no trade between the two countries.If bad weather causes the supply curves in each country to shift leftward by the same amount,then

• A) the price will increase in both countries.
• B) the price will decrease in both countries.
• C) the change in price cannot be determined.
• D) None of the above.

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