recent severe drought likely "destroys most of the rice cultivation." This situation would likely causethe: A. demand curve to shift right and supply curve to shift left. B. demand curve to shift left and the supply curve to shift right. C. price of rice to go up and quantity purchased to go down. D. Price and quantity movements are uncertain

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Q: $17.00 $16.00 $15.00 $14.00 $13.00 $12.00 $1100 $10.00 3 $9.00 E S8.00 $7 00 56 00 $5.00 5400 $3.00…

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Normal and Inferior Goods

Understanding a normal good and an inferior good is important because it tells us what will happen to demand different products during booms and recessions.