A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;

Question

Julli [10]

3 years ago

7

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;

conversely, especially good weather would shift the __________________ . Group of answer choices

Business

1 answer:

iVinArrow [24] · Answer 1 · 2022-06-14T00:52:58+03:00

Answer:

supply curve to the right.

Explanation:

A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the supply curve to the right. Drought refers to a period characterized by little or no rainfall in a geographical location over a specific period of time. When there's a drought, the production of agricultural products will be very much affected, thereby causing a decrease in the quantity of farm products.

On the other hand, a good weather would cause an increase in the quantity of farm products and as a result of this, the supply curve would shift rightward because there's enough product to meet the customer's demands or needs.