Question: Question 1 9 3 pts A prolonged drought in a developing country results in a reduced harvest of rice. What is the likely effect on

Question

19

3

pts

A prolonged drought in a developing country results in a reduced harvest of rice. What is the likely effect on the equilibrium price and quantity of rice?

Price decreases, quantity decreases

Price increases, quantity decreases

Price decreases, quantity increases

Price increases, quantity increases

Question 1 9 3 pts A prolonged drought in a

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