which-of-the-following-scenarios-would-most-likely-cause-a-shift-in-the-supply-c

Question

Which of the following scenarios would most likely cause a shift in the supply curve due to a natural event?

Accepted Answer

A hurricane destroys a significant portion of the corn crop.

Answer

The price of corn increases due to higher demand.

Answer

The government increases subsidies for corn farmers.

Answer

A new competitor enters the market for corn.