Refer to Scenario 3.2 below to answer the question(s) that follow.
SCENARIO 3.2: Lettuce and spinach are substitutes. Lettuce and tomatoes are complements. Lettuce is a normal good. During the winter, about 20% of the lettuce crop was destroyed by flooding.
-Refer to Scenario 3.2. The government wants to protect consumers from rising food prices. Therefore, price restrictions are imposed on lettuce growers prohibiting them from raising the price of lettuce. This will cause

Question

Quizplus · Accepted Answer

The destruction of 20% of the lettuce crop already indicates a decrease in supply. Imposing price restrictions to prevent price increases will lead to a situation where the price is too low to clear the market, resulting in excess demand for lettuce.