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Garland Owls11
on Dec 11, 2024

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After a natural disaster, such as a hurricane, the increased demand for certain items (like lumber, electric generators, and chainsaws) causes their prices to rise. These higher prices

A) discourage the flow of these items into the area.
B) encourage consumers to purchase the items even if they do not plan to use them.
C) help to direct the items toward their highest valued uses.
D) do all of the above.

Natural Disaster

A sudden and extreme event caused by environmental factors that results in significant damage or loss.

Highest Valued Uses

The application of resources or efforts in the manner that yields the greatest benefit or utility.

Increased Demand

Refers to a situation where there's a higher desire or need for a particular product or service, often leading to higher prices if supply does not match the surge.

  • Understand the impact of natural disasters on market prices and their role in resource allocation.
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