Suppose a Drought Resulted in a Major Reduction in the California

question 40

Multiple Choice

Suppose a drought resulted in a major reduction in the California lettuce crop.In the market for lettuce

• A)the supply curve shifted to the left resulting in an increase in the equilibrium price.
• B)the supply curve shifted to the left resulting in a decrease in the equilibrium price.
• C)the demand curve shifted to the right resulting in an increase in the equilibrium price.
• D)the demand curve shifted to the left resulting in a decrease in the equilibrium price.

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Definitions:

Benefits Unimportant

A perspective or situation where the advantages or positive outcomes of a product or service are undervalued or ignored by the customer or client.

Memorized Sales Presentation

A method of selling in which the sales pitch is precisely scripted for the salesperson.

Telephone Selling

The process of engaging potential customers through phone calls with the aim of promoting products or services and securing sales.

Core Principles

Fundamental beliefs or values that serve as the foundation for an organization, individual's actions, or the functioning of a system.