If good weather conditions result in a larger than normal crop of peaches, then the
A) equilibrium price of peaches falls and the equilibrium quantity of peaches decreases.
B) demand curve for peaches shifts leftward.
C) equilibrium price of peaches falls and the equilibrium quantity of peaches increases.
D) equilibrium price of peaches rises and the equilibrium quantity of peaches increases.
E) increase in the supply of peaches induces a greater demand for peaches, so that the equilibrium price rises and the equilibrium quantity increases.
Correct Answer:
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