Which of the following would most likely cause the price of wheat to decline?
A) an increase in the production costs of corn, a substitute for wheat
B) a decrease in the price of soybeans, a substitute for wheat
C) an increase in the price of fertilizer, a resource used to produce wheat
D) a sandwich craze among Americans, causing increased demand for whole-wheat bread

Question

Quizplus · Accepted Answer

A decrease in the price of soybeans, a substitute for wheat, would likely cause consumers to switch from wheat to soybeans, reducing the demand for wheat and causing its price to decline.

Which of the Following Would Most Likely Cause the Price