If a Frost Destroys Much of the Apple Crop,assuming a Positively

question 153

Multiple Choice

If a frost destroys much of the apple crop,assuming a positively sloped supply curve and a negatively sloped demand curve,total surplus in the apple market:

• A) will increase.
• B) will decrease.
• C) will not change.
• D) may change,but we cannot determine the change without more information.

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