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:

Facilitation

The process or action of making an operation or activity easier or more convenient, often in group settings or discussions.

Mediation

A conflict resolution method involving a neutral third party who assists disputing parties in reaching a voluntary, mutually satisfactory agreement.

Conciliation

A method of dispute resolution where an impartial third party helps the conflicting parties to reach a settlement amicably.

Emotionally Mature

Pertains to an individual who possesses the ability to understand, express, and manage their emotions effectively, while also being receptive and empathetic towards the emotions of others.