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3. Supply and Demand
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3. Supply and Demand
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3. Supply and Demand / Overview of Supply and Demand Shifts / Problem 10
Problem 10
Which of the following scenarios would most likely cause a shift in the supply curve due to a natural event?
A
The price of corn increases due to higher demand.
B
A hurricane destroys a significant portion of the corn crop.
C
The government increases subsidies for corn farmers.
D
A new competitor enters the market for corn.
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