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What best describes the supply and demand conditions of California's tree nut farmers during the drought? Group of answer choices The drought increases the costs
What best describes the supply and demand conditions of California's tree nut farmers during the drought? Group of answer choices The drought increases the costs of production which shifts the supply curve leftward and increases the price. At the same time, global demand for tree nuts is increasing and further increases the price, thus incentivizing more production. The drought decreases the costs of production which shifts the supply curve rightward and decreases the price. At the same time, global demand for tree nuts is increasing which increases the price, thus incentivizes more production. The drought increases the costs of production which shifts the supply curve rightward and decreases the price. At the same time, global demand for tree nuts is increasing which increases the price and incentivizes more production. The drought increases the costs of production which shifts the supply curve leftward and increases the price. At the same time, global demand for tree nuts is declining which lowers the price and decreases the incentive to produce
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