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 160 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
:D TYSM

tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Wandering Albatross at South Georgia Island Wandering Albatross at South Georgia Island
White-winged Duck at Sylvan Heights Waterfowl Park, North Carolina White-winged Duck at Sylvan Heights Waterfowl Park, North Carolina
Black and White Out-Migration from Virginia and North and South Carolina, 1870–1940 (in thousands) Black and White Out-Migration from Virginia and North and South Carolina, 1870–1940 (in thousands)
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library