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Liono4ka [1.6K]
3 years ago
15

Consider the following events: a. A fruitworm infestation ruins a large number of apple orchards in the state of Washington. Thi

s event would cause a shift of the supply curve in the market for apples. b. Demand for apples goes down, causing the price to fall. This event would cause a movement along the supply curve. Considering the events described above, which of the following statements is true
Business
1 answer:
Vikentia [17]3 years ago
8 0

Answer:

Both statements are true

Explanation:

Due to the worm infestation, there would be a fall in supply of apples, this would lead to a shift of the supply curve  to the left

a fall in price in apples, would lead to a movement down along the supply curve.

Only a change in price of a good leads to a movement along the supply curve for the good, other factors lead to a shift of the supply curve

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Answer:

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Explanation:

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The interpretation of that same question has been characterized throughout the explanation paragraph below.

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True

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Answer:

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Countries trade goods for which they have comparative advantage and not absolute advantage.

I hope my answer helps you

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Unless the company is 100% certain that it can prove Jim's misdeeds and has all the evidence to support their accusation, they should have waited for the police to act first before going to the newspaper. If their is the minimum chance that they cannot prove their accusations, Jim might be able to sue them for libel.

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