This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A hurricane destroyed the peach crop in South Carolina. Shortly thereafter the price of peaches rose ... (Read 157 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
on: Jun 30, 2018
A hurricane destroyed the peach crop in South Carolina. Shortly thereafter the price of peaches rose significantly. These events suggest that a(n):
 a. decrease in the supply of peaches caused the price of peaches to rise.
  b. increase in the supply of peaches caused the price of peaches to rise.
  c. increase in demand caused the price of peaches to rise.
  d. decrease in demand caused the price of peaches to rise.

Question 2

An increase in the price of plastic raises the cost of manufacturing DVDs. As a result, the market changes to a new equilibrium because of a(n):
 a. surplus of DVDs.
  b. increase in the demand for DVDs.
  c. leftward shift in the demand curve for DVDs.
  d. leftward shift in the supply curve for DVDs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tuwy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


karlynnae

  • Member
  • Posts: 599
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Adolescent white lion in Kruger National Park, South Africa. Adolescent white lion in Kruger National Park, South Africa.
Cotton and Slaves in the South, 1860 Cotton and Slaves in the South, 1860
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Saffir-Simpson Scale (Hurricane Intensity Scale) Saffir-Simpson Scale (Hurricane Intensity Scale)
Profile of a Hurricane Profile of a Hurricane
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library