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 130 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
Wow, this really help

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

lion cubs in the wild, South Africa lion cubs in the wild, South Africa
A cheetah strangling an impala, Timbavati Game Reserve, South Africa A cheetah strangling an impala, Timbavati Game Reserve, South Africa
The Blue-bearded Bee-eater Nyctyornis athertoni is a large species of bee-eater found in South Asia. The Blue-bearded Bee-eater Nyctyornis athertoni is a large species of bee-eater found in South Asia.
The common squirrel monkey (Saimiri sciureus) is a small New World primate from the Cebidae (squirre The common squirrel monkey (Saimiri sciureus) is a small New World primate from the Cebidae (squirre
Crimson-Eyed Rose-Mallow Crimson-Eyed Rose-Mallow
Hurricane Paths: Major Hurricane History Hurricane Paths: Major Hurricane History
Video: Stroke volume

For a complete list of videos, visit our video library