Suppose There Is a Bumper Crop of Apples This Year

question 88

Multiple Choice

Suppose there is a bumper crop of apples this year.How might this affect the market for apples?

• A)The demand would increase,increasing both equilibrium price and quantity.
• B)The supply would increase,decreasing equilibrium price and increasing equilibrium quantity.
• C)The demand would decrease,decreasing both equilibrium price and quantity.
• D)The supply would decrease,increasing equilibrium price and decreasing equilibrium quantity.

---

Definitions:

Acquisition Step

An acquisition step pertains to any phase within the process of one company purchasing most or all of another company's shares to gain control of that company.

Involuntary Dissolution

The forced termination of a corporation or partnership by a court order, often due to failure to comply with legal requirements or bankruptcy.

Articles of Incorporation

Official documents filed with a government body to legally document the creation of a corporation.

Directors' Power

The authority granted to the board of directors of a company to make decisions on behalf of the company within the scope of their roles.