An insect that is resistant to currently used pesticides has infested the cotton crop, and this year's crop is only half of what was produced last year. You accurately predict that this will

A. shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the demand for cotton will fall

B. shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease.

C. shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease.

D. shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the demand for cotton will fall.

Question

Business

Nathalie Faulkner

16 December, 07:40

An insect that is resistant to currently used pesticides has infested the cotton crop, and this year's crop is only half of what was produced last year. You accurately predict that this will

A. shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the demand for cotton will fall

B. shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease.

C. shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease.

D. shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the demand for cotton will fall.

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Answers (1)

Know the Answer?

Janet Gray · Answer 1

c.) will shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease

Explanation:

As due to insect, the cotton crop growth decreases due to which supply of cotton crop in market will also decreases and move to the left thud the price of cotton crop will increase in market and because of high prices demand for cotton crops will also decreases and equilibrium will restore.