If an early frost destroys most of the apple crop,the equilibrium price of an apple ________ and the equilibrium quantity ________.
A) rises; increases
B) rises; decreases
C) falls; increases
D) falls; decreases
E) does not change; decreases

Question

Quizplus · Accepted Answer

An early frost destroying most of the apple crop would decrease the supply of apples. According to the law of supply and demand, a decrease in supply, with demand remaining constant, leads to an increase in price and a decrease in the quantity sold.

If an Early Frost Destroys Most of the Apple Crop,the