Multiple Choice
In 2011, floods damaged a large portion of the wheat crop in the prairie provinces.As a result of this, many farmers were not able to supply wheat to the market.As a result of the flooding, what would we expect to see in the market for wheat at the original equilibrium price
A) a surplus of wheat.
B) the quantity demanded equal to the quantity supplied.
C) a shortage of wheat.
D) an increase in the demand for wheat.
Correct Answer:
Verified
Correct Answer:
Verified
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