Question

If a drought severely reduces the amount of corn available to consumers, what would you expect to happen next?

A.
The supply of corn would increase

B.
The demand for corn would decrease

C.
The price of corn would stay the same

D.
The price of corn would increase

Answer 1

The answer is D because since the supply has decreased the farmers would to sell it with a higher price

Answer 2

D. The price of corn would increase because there isn’t as much of it.