A hurricane destroyed the peach crop in South Carolina. Shortly thereafter the price of peaches rose significantly. These events suggest that a(n):

Question

Quizplus · Accepted Answer

The hurricane destroyed the peach crop, leading to a decrease in the supply of peaches. When supply decreases, the price of the product typically rises due to the increased scarcity of the product. Therefore, the rise in the price of peaches suggests that there was a decrease in the supply of peaches.

A Hurricane Destroyed the Peach Crop in South Carolina