-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.

---

Definitions:

Fallacy

A logical error or misleading argument often used in reasoning or debate.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms.

Muddy Puddle

A shallow pool of water mixed with dirt, creating a muddy liquid, often found on the ground after rain.

Drink

The act of consuming liquids or the liquids that can be consumed.