Consider the Market for Wheat, Which Is Currently in Equilibrium

Multiple Choice

Consider the market for wheat, which is currently in equilibrium. Now, suppose a pest destroys most of this year's wheat crop. How will the market for wheat change as a result of the destruction?Supply will shift to the right.The equilibrium price will increase.The equilibrium quantity will decrease.The equilibrium price may or may not change.

A) II only
B) I and IV only
C) I, III, and IV only
D) II and III only