In September 2005, Hurricane Katrina, caused flood damage to many homes in Louisiana. Shortly thereafter, the price of plywood rose significantly. What do these events suggest?
A) An increase in the demand for plywood caused the price of plywood to rise.
B) A decrease in the supply of plywood caused the price of plywood to rise.
C) A decrease in the demand for plywood caused the price of plywood to rise.
D) An increase in the supply of plywood caused the price of plywood to rise.
Correct Answer:
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