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 159 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
YES! Correct, THANKS for helping me on my review

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

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."

The cypress hills in Alberta and Saskatchewan were the northern-most location that remained south of The cypress hills in Alberta and Saskatchewan were the northern-most location that remained south of
An old wooden cart, piled with rabbit skins, in New South Wales, Australia An old wooden cart, piled with rabbit skins, in New South Wales, Australia
Amundsen-Scott South Pole Station in Antarctica Amundsen-Scott South Pole Station in Antarctica
South African cave sites. South African cave sites.
Cotton and Slaves in the South, 1860 Cotton and Slaves in the South, 1860
Hurricane Structure Hurricane Structure
Video: Chloroplast Structure & Light Dependent Reactions (Photosystem 1 and 2 Cyclic Electron Flow)

For a complete list of videos, visit our video library