Asked by
jillian moskal
on Nov 05, 2024
Verified
Unseasonably warm weather in Georgia resulted in a bumper crop of peaches. Ceteris paribus,
A) the demand for peaches decreased and the price of peaches decreased.
B) the supply of peaches increased and the price of peaches decreased.
C) the supply of peaches decreased and the price of peaches increased.
D) the demand for peaches increased and the price of peaches increased.
Supply Of Peaches
The total quantity of peaches that producers are willing and able to sell at a given price over a specified time period.
Price Of Peaches
The cost at which peaches are sold, which can vary based on factors like season and quality.
Bumper Crop
An exceptionally large harvest of crops, often resulting from favorable growing conditions.
- Analyze the effects of external elements like climatic conditions, variations in income, and governmental policies on the balance of market forces.
Verified Answer
AC
Learning Objectives
- Analyze the effects of external elements like climatic conditions, variations in income, and governmental policies on the balance of market forces.