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Author Question: A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a ... (Read 155 times)

wenmo

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  • Posts: 540
on: Jun 29, 2018
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
 
  A) decrease in the demand for lettuce.
  B) decrease in the supply of lettuce.
  C) decrease in both the demand and supply of lettuce.
  D) rightward movement along the demand curve for lettuce.

Question 2

As Sean's consumption of rice goes up, his
 
  A) average utility from consuming rice increases.
  B) total utility from consuming rice increases.
  C) marginal utility from consuming rice increases.
  D) elasticity of utility from consuming rice increases.


Jmfn03

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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