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Author Question: Because of unseasonable cold weather, much of the peach crop has been destroyed. This statement ... (Read 76 times)

kaid0807

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on: Jun 30, 2018
Because of unseasonable cold weather, much of the peach crop has been destroyed. This statement indicates that the:
 a. price of peaches will fall.
  b. quantity of peaches that will be available at any given price has decreased.
  c. demand for peaches will shift to the left.
  d. quantity of peaches that will be available at any given price have increased.

Question 2

Assuming that soybeans and tobacco can both be grown on the same land, a decrease in the price of tobacco, other things being equal, causes a(n):
 a. rightward shift of the supply curve for tobacco.
  b. upward movement along the supply curve for soybeans.
  c. rightward shift in the supply curve for soybeans.
  d. leftward shift in the supply curve for soybeans.


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enass

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


kaid0807

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Reply 2 on: Jun 30, 2018
Wow, this really help

okolip

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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