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If a Frost Destroys Much of the Grapefruit Crop,assuming a Positively

Question 12

Multiple Choice

If a frost destroys much of the grapefruit crop,assuming a positively sloped supply curve and a negatively sloped demand curve,total surplus in the grapefruit market:


A) will increase.
B) will decrease.
C) will not change.
D) may change,but we cannot determine the change without more information.

Correct Answer:

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