Multiple Choice
If good weather conditions result in a larger than normal crop of peaches, then the
A) increase in the supply of peaches induces a greater demand for peaches, so that the equilibrium price rises and the equilibrium quantity increases.
B) demand curve for peaches shifts leftward.
C) equilibrium price of peaches falls, and the equilibrium quantity of peaches decreases.
D) equilibrium price of peaches rises, and the equilibrium quantity of peaches increases.
E) equilibrium price of peaches falls, and the equilibrium quantity of peaches increases.
Correct Answer:

Verified
Correct Answer:
Verified
Q122: Which of the following results in a
Q123: The phrase 'a change in demand' most
Q124: A supply curve<br>A) slopes upward.<br>B) is a
Q125: A competitive market is in equilibrium. Then
Q126: Market equilibrium occurs when<br>A) demand and supply
Q128: A change in the demand for apples
Q129: Which of the following does NOT increase
Q130: The law of demand implies that, other
Q131: If the price is below the equilibrium
Q132: Researchers have found a hybrid of corn