Suppose There Is a Flood in St

question 28

Multiple Choice

Suppose there is a flood in St. Louis, Missouri, that destroys several beer bottling facilities. 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.

---

Definitions:

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business.

Corporation

A legal entity distinct from its owners that can own assets, incur liabilities, and sell stocks to raise capital.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, dramatically transforming societies from agrarian to industrial.