Assume the Market for Organically-Grown Produce Is Perfectly Competitive

question 241

Multiple Choice

Assume the market for organically-grown produce is perfectly competitive. All else equal, as farmers find it less profitable to produce and sell organic produce in this market,

• A) the demand curve will shift to the left and the equilibrium price will decrease.
• B) the supply curve will shift to the left and the equilibrium price will increase.
• C) the supply curve will shift to the right, the demand curve will shift to the left, and the equilibrium price will decrease.
• D) the supply curve will shift to the left, the demand curve will shift to the left, and the equilibrium price will increase.

---

Definitions:

Decision-making Power

Refers to the ability or authority to make decisions that influence outcomes within various contexts such as organizations, families, or individual lives.

Stepfathers

Men who are married to one's mother after the divorce or separation from one's biological father and may act as a parent to her children.

Financial Resources

Assets, wealth, or capital used to support a person’s or organization's needs and objectives.

New Stepfamily

A family unit formed when one or both partners in a marriage or committed relationship bring children from previous relationships.