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Due to Above-Average Rainfall Last Year There Was a Plentiful

Question 24

Multiple Choice

Due to above-average rainfall last year there was a plentiful supply of blueberries, which caused the price of blueberries to drop. Bakeries regularly produce and sell blueberry pie. Considering the market for blueberry pies, _____ was affected and the supply of blueberry pies will _____.


A) the price of an input; increase
B) the price of an input; decrease
C) consumer preference; increase
D) the number of sellers; increase

Correct Answer:

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