A hurricane damaged much of the housing in Miami. Shortly thereafter, the price of plywood rose significantly. The events suggest that
A) a decrease in the supply of plywood caused the price of plywood to rise.
B) an increase 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 demand for plywood caused the price of plywood to rise.
Correct Answer:
Verified
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