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:

Verified
Correct Answer:
Verified
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