Solved

Suppose a Drought Causes Most Fruit Crops to Fail, Decreasing

Question 139

Multiple Choice

Suppose a drought causes most fruit crops to fail, decreasing the amount of available fruit. What changes could we expect to see in the market for fruitcake?


A) An increase in the supply of fruitcake
B) A decrease in the supply of fruitcake
C) An increase in the demand for fruitcake, but no change in the supply of fruitcake
D) A decrease in the demand for fruitcake, but no change in the supply of fruitcake

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions