Land is a resource category that includes timber growing on the land

The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for non-dairy coffee creamer after severe weather destroys a large portion of the coffee crop?

A) Graph A B) Graph B C) Graph C D) Graph D

Grace just got her first cell phone, an iPhone, for graduation. She tosses her iTouch in a drawer and never touches it again, even though she could easily sell it for $75 on Craigslist. Grace's choice is ________ because ________.

A. irrational; she weighs the $200 she paid for the iTouch and the $75 she could sell it for now B. rational; she weighs the $200 she paid for the iTouch and the $75 she could sell it for now C. irrational; she would not pay $75 to buy the iTouch today D. rational; she would not pay $75 to buy the iTouch today