Author Question: A severe drought has damaged this year's lettuce cro A) decrease in the demand for lettuce. B) ... (Read 45 times)

abarnes · **on:** Jun 29, 2018

A severe drought has damaged this year's lettuce cro

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

Consider the market for consumer loans. A legal ceiling set below the market-clearing interest rate would tend to

A) increase the quantity demanded for loans.
B) decrease the quantity supplied of loans.
C) create a shortage of loans.
D) do all of the above.
E) do none of the above.