In Recent Years the Cost of Producing Organic Produce in Canada

question 278

Multiple Choice

In recent years the cost of producing organic produce in Canada has decreased largely due to technological advancement.At the same time, more and more Canadians prefer organic produce over conventional produce.Which of the following best explains the effect of these events in the organic produce market?

• A)The supply curve has shifted to the left and the demand curve has shifted to the right.As a result there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price.
• B)Both the supply and demand curves have shifted to the right.As a result, there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price.
• C)Both the supply and demand curves have shifted to the right.As a result, there has been an increase in both the equilibrium price and the equilibrium quantity.
• D)The supply curve has shifted to the left and the demand curve has shifted to the right.As a result, there has been an increase in the equilibrium price and an uncertain effect on the equilibrium quantity.

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Definitions:

Cornea

The transparent, dome-shaped front part of the eye that covers the iris, pupil, and anterior chamber, playing a key role in focusing visual images.

Z-track Technique

A method of injection that minimizes leakage of medication into subcutaneous tissue by displacing the skin and tissue before insertion.

Vastus Lateralis

One of the four quadriceps muscles, located on the side of the thigh, responsible for extending the knee and stabilizing the leg.

Deltoid Muscle

A large triangular muscle on the shoulder that is involved in lifting and rotating the arm.