The Market for Wapanzo Beans

-Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. If there is exceptionally good growing weather in the wapanzo bean growing region then supply will ________ and demand will ________.

Question

The Market for Wapanzo Beans

-Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. If there is exceptionally good growing weather in the wapanzo bean growing region then supply will ________ and demand will ________.

Quizplus · Accepted Answer

Exceptionally good growing weather would increase the supply of wapanzo beans, shifting the supply curve to the right (from Case B to Case C). Demand would not be directly affected by the change in weather, so it would stay at Case 2.