A drought in the Midwest will raise the price of wheat because of a
A) leftward shift in the supply curve.
B) rightward shift in the supply curve.
C) leftward shift in the demand curve.
D) rightward shift in the demand curve.
A
You might also like to view...
The labor force includes all of the following individuals who are 16 years or older EXCEPT
A) people who have never been in the labor force but have just found a job. B) people who are retired and not actively seeking work. C) the unemployed. D) the employed.
What is marginal cost? How is it measured?
What will be an ideal response?
A limit on the quantity of a good produced abroad that can be purchased domestically is called a(n)
a. tariff. b. excise tax. c. import quota. d. None of the above is correct.
If the price level in the current period is higher than what buyers and sellers anticipated,
What will be an ideal response?