Multiple Choice
Suppose that a severe freeze destroys a sizable portion of the lettuce crop.As a result:
A) quantity supplied will decrease, equilibrium price will increase and, demand will decrease.
B) supply will decrease, equilibrium price will fall and, demand will increase.
C) supply will decrease, equilibrium price will increase and, quantity demanded will decrease.
D) cannot be determined from the information given.
Correct Answer:

Verified
Correct Answer:
Verified
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