Suppose That a Major Drought Causes a 30 Percent Reduction

Suppose that a major drought causes a 30 percent reduction in the peanut harvest. If there is no change in demand, this event would cause a _____ at the original equilibrium price, and the equilibrium price will therefore _____ and the equilibrium quantity will _____.

A) shortage; rise; fall
B) shortage; rise; rise
C) surplus; fall; fall
D) surplus; fall; rise