A Drought in California Destroys Many Red Grapes

question 29

Multiple Choice

A drought in California destroys many red grapes.As a result of the drought,the consumer surplus in the market for red grapes

• A)increases,and the consumer surplus in the market for red wine increases.
• B)increases,and the consumer surplus in the market for red wine decreases.
• C)decreases,and the consumer surplus in the market for red wine increases.
• D)decreases,and the consumer surplus in the market for red wine decreases.

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Definitions:

Plant Closings

The process of shutting down manufacturing facilities or plants, often resulting in job losses and economic impacts on communities.

Layoffs

The act of temporarily or permanently dismissing employees from their jobs, often as a cost-cutting measure by companies.

Horticulture

A branch of agriculture focusing on the art, science, technology, and business of cultivating plants for food, materials, beauty, and recreation.

Small Hand Tools

Manual devices intended for performing specific tasks, which can be held and operated effectively with one hand.