Suppose There Is an Early Freeze in California That Reduces

question 78

Multiple Choice

Suppose there is an early freeze in California that reduces the size of the lemon crop.What happens to consumer surplus in the market for lemons?

• A)Consumer surplus increases.
• B)Consumer surplus decreases.
• C)Consumer surplus is not affected by this change in market forces.
• D)We would have to know whether the demand for lemons is elastic or inelastic to make this determination.

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Definitions:

GIS System

Geographical Information System, a tool that captures, stores, analyzes, and manages geographically referenced data.

Primary Producers

Organisms that synthesize food from inorganic substances using light or chemical energy; the base of a food chain.

Bacteria

Microscopic, single-celled organisms found in diverse environments that play critical roles in various ecological systems, including the human body.

Limiting Factor

An environmental condition that constrains a population's size, growth rate, or distribution.