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In 2011, Floods Damaged the Canadian Wheat and Barley Crops

Question 53

Multiple Choice

In 2011, floods damaged the Canadian wheat and barley crops.In the market for grains


A) the supply curve shifted to the right resulting in an increase in the equilibrium price.
B) the supply curve shifted to the left resulting in an increase in the equilibrium price.
C) the demand curve shifted to the right resulting in an increase in the equilibrium price.
D) the demand curve shifted to the left resulting in a decrease in the equilibrium price.

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