Author Question: Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the ... (Read 134 times)

Wadzanai · **on:** Jul 1, 2018

Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to
a. Shift to the left, causing the prices of carrots to rise
b. Shift to the left, causing the prices of carrots to fall
c. Stay the same
d. The supply curve does not shift. Only the demand curve shifts.

Question 2

At a fair carnival roulette wheel, a player can either win 10, 30, or 80 . Assuming a rational player, how much should the game owner charge the player, to maximize his own profit?
a. 30
b. 40
c. 50
d. 80