The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
<h3>
What is the lettuce market?</h3>
- Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
- Since colonial times, lettuce has been farmed in the United States.
- The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
- Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
- In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
- Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.
As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
Know more about the lettuce market here:
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
Answer:EIGHT MILLION SEVEN HUNDRED SEVENTY THOUSAND SEVEN HUNDRED NINE
sorry about the caps
Explanation:
The purpose is to resolve some of the legal issues before the trial begins.
A budget is <span>an estimate of income and expenditure for a set period of time. The reason that it is important to a human services organization is to see how well you spend your money, how mature you are with the money you get, do you spend it on stupid expensive stuff when you see that other stuff is cheaper. They just want to see how well you keep track of your money and how mature you are with it!! Hope this helped</span>
Answer:
Option (A) $130,000,000
Explanation:
Data provided in the question:
Excess reserves = $80,000,000
Checkable deposits = $500,000,000
Reserve requirement by the bank = 10%
Now,
The bank’s total amount of reserves will be
⇒ Reserve requirement × Checkable deposits
or
= 10% × $500,000,000
= 0.10 × $500,000,000
= $50,000,000
Hence,
the total amount of reserve = Required reserve + Excess reserves
= $80,000,000 + $50,000,000
= $130,000,000
Option (A) $130,000,000