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.

---

Definitions:

Revocation

The official cancellation or withdrawal of a decree, decision, or promise.

Executor

An individual appointed by a testator to carry out the terms of their will.

Intestate

Referring to dying without a legal will, resulting in the distribution of the estate according to state laws.

Per Stirpes

a legal term indicating a method of distributing an estate where descendants inherit a deceased beneficiary's share in an estate.