Suppose Hail Storms Damage Vineyards in South Australia

question 118

Multiple Choice

Suppose hail storms damage vineyards in South Australia.The supply of grapes to local winemakers declines.What happens to consumer surplus in the market for South Australian wine?

• A)it increases
• B)there is no change to the consumer surplus
• C)it decreases
• D)the overall effect is ambiguous as consumer surplus could rise or fall

---

Definitions:

Professional Interactions

Exchanges or engagements between professionals that are governed by ethical standards, respect, and consideration for each other's roles.

Social Networking

The use of internet-based social media platforms to stay connected with friends, family, or colleagues, and sometimes to meet new people.

Employees

are individuals who are hired by organizations or companies to perform specific jobs or duties in exchange for compensation.

Illegal

Activities or actions that are forbidden by law, and which are punishable by sanctions or other legal consequences.