Suppose There Is an Earthquake That Destroys Several Corn Canneries

question 19

Multiple Choice

Suppose there is an earthquake that destroys several corn canneries.Which of the following would not be a direct result of this event?

• A) Sellers would not be able to produce and sell as much as before at each relevant price.
• B) The supply would decrease.
• C) Buyers would not be willing to buy as much as before at each relevant price.
• D) The equilibrium price would rise.

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Definitions:

Upper-middle-class

A socioeconomic group that is above the middle class, characterized by higher income, education, and occupational prestige.

Ethnic Minority Students

Students who belong to racial or ethnic groups that are not in the majority within a particular society or educational institution.

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Educational institutions that provide two-year academic and vocational programs, often serving as a more accessible and affordable option for higher education.

Immediate Repair

The quick correction of a mistake or misunderstanding in conversation, usually by the person who made the error.