Economics 0455 · IGCSE · Supply

Supply — practice question

Floods damaged a large proportion of a country's agricultural products. What is likely to happen to the price of agricultural products and to the quantity of agricultural products imported?

  • Aprice of products falls; volume of imports falls
  • Bprice of products falls; volume of imports rises
  • Cprice of products rises; volume of imports falls
  • Dprice of products rises; volume of imports rises

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