Suppose There Is an Earthquake That Destroys Several Corn Canneries

question 19

Multiple Choice

Suppose there is an earthquake that destroys several corn canneries.Which of the following would not be a direct result of this event?

• A) Sellers would not be able 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:

Positive or Negative

Terms that indicate the presence or absence of a trait, condition, or result, also can reflect desirable or undesirable qualities.

Unethical

Actions or behaviors that violate moral principles or professional standards.

Placebo

A substance with no therapeutic effect, used as a control in testing new drugs, or to trigger a psychological benefit in the patient.

Control Group

In an experiment, the group that experiences all aspects of the experiment, including assessments, in a manner identical to the experimental group, except for the manipulation of the independent variable.