Refer to Scenario 3

question 305

Multiple Choice

Refer to Scenario 3.2 below to answer the question(s) that follow.
SCENARIO 3.2: Lettuce and spinach are substitutes. Lettuce and tomatoes are complements. Lettuce is a normal good. During the winter, about 20% of the lettuce crop was destroyed by flooding.
-Refer to Scenario 3.2. As a result of the flooding during the winter, you would expect that

• A) the price of lettuce would increase, the supply of lettuce would increase, and the quantity demanded of lettuce would decrease.
• B) the supply of lettuce would decrease, the price of lettuce would increase, and the quantity demanded of lettuce would decrease.
• C) the price of lettuce would increase and both the quantity of lettuce supplied and the quantity of lettuce demanded would increase.
• D) the supply of lettuce would decrease, the price of lettuce would increase, and the demand for lettuce would decrease.

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Definitions:

Conifers

A group of cone-bearing plants that are mostly evergreens and include pines, firs, and spruces.

Sepal

One of the outermost parts of a flower, usually leaflike in appearance, that protects the flower as a bud.

Flower Bud

A flower bud is a small embryonic flower, encased in protective scales, which develops into a mature flower upon growth and favorable conditions.

Protect

To cover or shield from exposure, injury, damage, or destruction.