If one day a terrible disease were to wipe out over one-half of the world's lime trees, which of the following would likely result?
A) The supply curve of lime juice would shift downward and to the right.
B) The supply curve of lime juice would shift upward and to the left.
C) The demand curve for lime juice would shift to the right.
D) The demand curve for lime juice would shift to the left.
B
You might also like to view...
Bid-rigging is more likely when
a. auctions are larger b. auctions are infrequent c. auctions generate the same set of potential bidders d. the auctioneer is paid on commission rather than a fixed fee
Now, about ____ percent of American married-couple families have two or more wage earners
a. 35 b. 50 c. 60 d. 90
If C = $500, I = $150, G = $100, NX = $40, and GNP = $800, how much is NFP?
A. $5 B. $10 C. -$5 D. -$10
Refer to the information provided in Figure 1.5 below to answer the question(s) that follow.
Figure 1.5Refer to Figure 1.5. As firms produce additional units, average costs declines by a smaller and smaller amount. If output is graphed on the horizontal axis and average costs are graphed on the vertical axis, the relationship between average costs and output would be like which of the following Panels?
A. A B. B C. C D. D