Economics 2281 · O Level · Supply

Supply — practice question

A substantial proportion of a country’s agricultural products was damaged by floods. What is likely to have happened to the price of agricultural products and to the volume of imports of agricultural products?

  • Aprice of products fall; volume of imports fall
  • Bprice of products fall; volume of imports rise
  • Cprice of products rise; volume of imports fall
  • Dprice of products rise; volume of imports rise

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