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. The floods that destroyed part of the lettuce crop would have caused
A) an increase in the demand for tomatoes.
B) a decrease in the demand for tomatoes.
C) an increase in the quantity of tomatoes demanded.
D) a decrease in the quantity of tomatoes demanded.
Correct Answer:
Verified
Correct Answer:
Verified
Q249: For inferior goods, demand will fall when<br>A)
Q250: Refer to the information provided in Figure
Q251: Consumers purchase products in _ markets.<br>A) output<br>B)
Q252: According to the law of demand, quantity
Q253: Refer to the information provided in Figure
Q255: Refer to Scenario 3.2 below to answer
Q256: Among the factors of production are<br>A) capital.<br>B)
Q257: If demand is represented as Q<sub>d</sub> =
Q258: Which of the following is held constant
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