Holding other factors constant,bad weather causes the supply curve for agricultural products to

Question

Quizplus · Accepted Answer

Bad weather would likely decrease the supply of agricultural products as crops may be destroyed or lower yields are produced, which would shift the supply curve leftward. This decrease in supply would create a shortage, causing prices to rise. Therefore, the supply curve would shift to the left, causing the prices of agricultural products to rise.

Holding Other Factors Constant,bad Weather Causes the Supply Curve for Agricultural