Suppose there is an earthquake that destroys several seaside resorts. Which of the following would NOT occur as a direct result of this event?
A) Sellers would not be willing to produce and sell as much as before at each relevant price.
B) The supply would decrease.
C) Buyers would not be willing to buy as much as before at each relevant price.
D) The equilibrium price would rise.
Correct Answer:
Verified
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