A drought would probably:
A)cause wheat suppliers to move up their supply curves to a higher price.
B)induce greater demand for wheat, yielding a higher price.
C)cause people to reduce their demand for wheat.
D)induce an upward and leftward shift in wheat's supply curve.
E)lower the prices of substitutes for wheat.

Question

Quizplus · Accepted Answer

A drought would reduce the supply of wheat, causing the supply curve to shift upward and to the left, leading to higher prices due to decreased availability.

A Drought Would Probably