Jonathan likes apple pie. He reads on the internet that 30 percent of the Alabama apple crop was destroyed by a hurricane. It is predicted that the price of apples will rise by 35 percent in three months. As a result, Jonathan's demand for apple pře will increase in three months. a. b. C. d. A a B shifts left today. decreases as he looks for a substitute good. increases today. D b с d

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Jonathan likes apple pie. He reads on the internet that 30 percent of the Alabama apple crop was destroyed by a hurricane. It is
predicted that the price of apples will rise by 35 percent in three months. As a result, Jonathan's demand for apple pie
will increase in three months.
shifts left today.
decreases as he looks for a substitute good.
increases today.
a.
b.
C.
d.
A a
B b
D
с
d
Transcribed Image Text:Jonathan likes apple pie. He reads on the internet that 30 percent of the Alabama apple crop was destroyed by a hurricane. It is predicted that the price of apples will rise by 35 percent in three months. As a result, Jonathan's demand for apple pie will increase in three months. shifts left today. decreases as he looks for a substitute good. increases today. a. b. C. d. A a B b D с d
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