Suppose There Is an Unusually Large Crop of Apples This

question 45

Multiple Choice

Suppose there is an unusually large crop of apples this year. How might this affect the market for apples?

• A) The demand would increase, increasing both equilibrium price and quantity.
• B) The supply would increase, decreasing equilibrium price and increasing equilibrium quantity.
• C) The demand would decrease, decreasing both equilibrium price and quantity.
• D) The supply would decrease, increasing equilibrium price and decreasing equilibrium quantity.

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Definitions:

Similarities

Similarities involve aspects that are alike or share common attributes between entities, enabling comparisons and connections.

Expressing Thoughts

The act of verbalizing or otherwise communicating one's ideas, beliefs, or emotions.

Forgiveness

Letting go of resentment or vengeance toward an individual or group who has harmed you, regardless of whether they actually deserve your forgiveness.

Restorative Justice

Justice defined by restoring the social order. It seeks to repair social connections and establish peace between parties rather than focus on punishment of the offenders, through truth-telling, public acknowledgement, and reparations to the victims.