Multiple Choice
If an early frost destroys most of the apple crop,the equilibrium price of an apple ________ and the equilibrium quantity ________.
A) rises; increases
B) rises; decreases
C) falls; increases
D) falls; decreases
E) does not change; decreases
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q182: When the demand for a good decreases,its
Q183: When the price of oranges increases,<br>A) the
Q185: The law of demand refers to how<br>A)
Q186: The "quantity demanded" of any good or
Q188: Consider the market for camera film.If more
Q189: Consider the market for peanut butter.If there
Q190: A normal good is defined as a
Q191: An increase in the quantity demanded is
Q192: If the demand curve for desktop computers
Q448: Explain the difference between a change in