Because of the significant snow fall in the plains this year, the supply of fertilizer to Washington State's apple farmers subst

Question

3 years ago

8

Because of the significant snow fall in the plains this year, the supply of fertilizer to Washington State's apple farmers subst

antially decreased. As a result, the price of fertilizer has increased in Washington State. This statement indicates the rev
a. amount of apples that will be available at various prices has declined.
b. demand for apples will necessarily increase
c. price of apples will decrease
d. demand for apples will necessarily decrease

Business

1 answer:

Molodets [167] · Answer 1 · 2022-03-27T01:31:45+03:00

Answer:

The correct answer is letter "D": demand for apples will necessarily decrease.

Explanation:

According to the demand law, if the price of a good or service decreases the quantity demanded will increase. <em>In case the price of the products increase, the quantity demanded will decrease</em>. The relationship between quantity demanded and the price is inversely proportional.

Thus, <em>if the price of the fertilizers increases, the price of apples will increase. If the price of apples increases, the quantity demanded for apples decreases</em>.