Question

A large drought (no rain) in the American Midwest would reduce the amount of grain that farmers can grow. There would be less grain to sell. How would the drought affect the price of grain?
The price of grain would not change.
The supply of grain has nothing to do with the price of grain.
The price of grain would go up.
The price of grain would go down.

Answer 1

@rational

Answer 2

@mathmate

Answer 3

@AllTehMaffs

Answer 4

@nechirwan

Answer 5

@whydoihavetosignup1

Answer 6

@GIL.ojei

Answer 7

@StudyGurl14 @sleepyjess @Somy @nothingwasthesame

Answer 8

@TSwizzle

Answer 9

@oswin
@official_snowflake
@HelpBlahBlahBlah
@pitamar

Answer 10

It would go up.

Answer 11

the price will go up

Answer 12

law of demand

Answer 13

You should close the question

Answer 14

@Quan99 @whydoihavetosignup1 @e.mccormick @robtobey @thadyoung @yharee @undeadknight26 @IrishBoy123 @Owlcoffee @pooja195 @amorfide @SithsAndGiggles @dan815 @freegirl112 @Gabylovesyou @HelpBlahBlahBlah @just_one_last_goodbye @King.Void. @Love_Ranaa

Answer 15

@taqwamansur12 Each toy will be built in a faster amount of time.. cx

Answer 16

These are the standard curves of supply and demand

Answer 17

@Quan99 @welshfella @e.mccormick @robtobey @robtobey @TheSmartOne @youngnephew34 @undeadknight26 @IrishBoy123 @Owlcoffee @pooja195 @aaronq @saifoo.khan @dan815 @freegirl112 @Gabylovesyou @HelpBlahBlahBlah @JFraser @King.Void. @Love_Ranaa

Answer 18

this is economics to a tee!!!! lots of simplistic little models that don't work. and they definitely don't work when you try to put them all together!!

but you can get a damn fine qualification in stuff that doesn't work.

Answer 19

Linda owns a factory that makes cookies. She needs to cut costs. She can't change her capital resources. She must pay her workers less or buy cheaper ingredients. What is the opportunity cost of buying cheaper ingredients?
the money used to pay the cook
the happiness of her workers
the chance to buy new equipment
the popular taste of her cookies

Answer 20

@Quan99 @welshfella @e.mccormick @robtobey @robtobey @TheSmartOne @youngnephew34 @undeadknight26 @IrishBoy123 @Owlcoffee @pooja195 @aaronq @saifoo.khan @dan815 @freegirl112 @Gabylovesyou @HelpBlahBlahBlah @JFraser @King.Void. @Love_Ranaa

Answer 21

@taqwamansur12
Think of the possible results of cheaper ingredients.