Question

The price of apples has recently fallen in the marketplace. From this information, we can safely predict that: a.a shortage of apples must have existed. b.the demand for apples recently increased. c.the supply of apples recently decreased. d.a surplus of apples must have existed.

Answer 1

Answer:

d.a surplus of apples must have existed.

Explanation:

If the supply of apples increased while there is no change in the demand for Apples, there would be a surplus and price would fall.

If the supply of apples decreased while there is no change in the demand for Apples, there would be a shortage of apples and price would rise.

If the demand for apples recently increased while supply remains unchanged, there would be a shortage and the price of apples would rise.

I hope my answer helps you