Which of the following would most likely cause the supply of wheat to increase?
A) a decrease in the price of corn, a substitute for wheat
B) a technological advance that lowers the cost of producing wheat
C) an increase in the cost of producing wheat
D) a change in consumer preferences, causing them to prefer plain white bread to whole-wheat bread

Question

Quizplus · Accepted Answer

A technological advance that lowers the cost of producing wheat would make it cheaper to produce, thereby increasing the supply of wheat.

Which of the Following Would Most Likely Cause the Supply